Trump’s media says that a $ 400 million shares will not affect Bitcoin Treasury plans star-news.press/wp

Trump Media and Technology Group, the company that owns the Truth Social platform, said the $ 400 million red purchase program will not affect its plans to create a Bitcoin wardrobe.

In Monday’s notice, the American Information Company Donald Trump He said Its board has authorized the re -purchase of up to $ 400 million in shared shares. She said that the shares replay does not affect the company’s strategy for the establishment of the Bitcoin (BTC) using more than two billion dollars of funds.

The media group initially denied reports that it was planning to raise nearly $ 3 billion to invest in the encrypted currency, but later confirmed a $ 2.5 billion capital funding to buy bitcoin. According to Monday’s notice, the Bitcoin strategy from Trump Media “appeared in a special offer of about $ 2.3 billion in total.”

The US Securities and Stock Exchange Committee (SEC), headed by Trump Paul Atkins, approved the registration statement for the Bitcoin deal for the media company in June. The deposit showed $ 2.3 billion for Bitcoin investment came from the resale of 56 million shares and 29 million shares linked to transferred observations as part of debt and shares agreements.

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Trump Media also applied to launch a Bitcoin (ETF) trading box (ETF), which was submitted separately to include and trade of Duel ETF arrows associated with Bitcoin and ETHER (ETH). SEC has agreed on the Spot Bitcoin Etfs lists since January 2024 and ether etfs since May 2024.

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Bitcoin National stock plans under Trump

Trump also suggested, through an executive order in March, that the United States will establish a “strategic bitcoin reserve” and “Digital Asset stock”. Reserves will hold digital assets that have been confiscated to the United States government, but Trump’s advisers have suggested other ways to expand the stock.

Legislators of the Permanent Sub -Senate Committee on Investigations accused The head of the use of his position within the government to “enrich the cryptocurrency companies” by creating stocks.

The announcement of the media in Trump came on the same day as the California Senator Adam, Adam Chef legislation aimed at preventing the American president, the first family and other public officials from issuing, caring or supporting digital assets. The media may be, under the name of the president, violating the law with the proposed bitcoin strategy if it will pass.

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