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According to Deep Tide TechFlow news on June 24, The Block reported that Trump Media, the parent company of Truth Social under Trump, announced plans to buy back up to $400 million worth of stock on Monday. The company had previously disclosed a Bitcoin reserve plan supported by a $2.3 billion private sale financing.
Despite launching a large-scale stock buyback, Trump Media stated that this initiative will not change its strategic plan to build a multi-billion dollar Bitcoin treasury. The company will continue to implement its previously announced cryptocurrency reserve plan, considering Bitcoin as an important component of its balance sheet.