Trump Media $400M Buyback Dey Maintain $2.3B Bitcoin Treasury Plan
Trump Media & Technology Group (NYSE: DJT) don confirm say dem dey dedicated to one $2.3 billion Bitcoin treasury plan wey go use di money wey come from one SPAC merger wey dem do for January 2024. Di plan wey SEC approve, get about 50 big investors wey back am, dem dey target make di average price enter reach about $30,000 per BTC, and e go support dia Truth Social and Truth.Fi platforms. At di same time, di company start one $400 million open-market share buyback to increase value for dia shareholders, dem talk clear say di stock buyback no go disturb di Bitcoin treasury plan. With about $3 billion liquidity wey dey ground, Trump Media get chance to remain flexible for future crypto and company programmes.
Bullish
To put up to $2.3 billion for Bitcoin treasury plan mean say institutions get strong confidence and e fit make demand for BTC increase, wey go push price up. The $400 million share buyback wey dem do at the same time show say Trump Media financial health dey strong but e no go affect dat Bitcoin treasury plan. For short term, market feeling fit improve as traders dey expect say companies go continue to buy. For long term, big corporate Bitcoin reserve dey support steady demand and e dey reduce supply, wey go make price trend go up.