Trump Media Plans $400 Million Share Buyback Program

Trump Media and Technology Group (DJT) plans a $400 million share buyback program, which will not affect its bitcoin treasury strategy. Key details include:

The buyback will occur through open market transactions.
Repurchased shares will be retired by the company.
Trump Media has approximately $3 billion on its balance sheet, enabling this action.
Recently raised over $2 billion from 50 institutional investors for a BTC treasury.
Crypto.com and Anchorage Digital will provide custody services for the BTC treasury.
DJT shares increased by over 3.8% to $18.50 following the announcement.