The Board of Trump Media and Technology Group approved a 400 million USD buyback of common stock or warrants, emphasizing the company’s confidence in its strategic initiatives.
With around 3 billion USD on the balance sheet, the company plans to maintain its Bitcoin treasury strategy, keeping funds separate from the buyback.
Devin Nunes, CEO, mentioned the potential launch of Trump-branded ETFs, pending regulatory approval, as part of a strategy to improve the company’s financial positioning.
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