Trump Media and Technology Group, the parent company of Truth Social, announced on Monday that its newly authorized $400 million stock repurchase program will not impact its ongoing plans to create a substantial Bitcoin treasury. The move comes as the firm advances a bold cryptocurrency investment strategy, despite rising scrutiny from lawmakers and regulators. According to a company notice, the board of directors approved the repurchase of up to $400 million in common stock. However, the company clarified that the share buyback initiative is separate from its cryptocurrency plans, which involve a $2.3 billion private placement aimed at building a Bitcoin reserve. Trump Media had previously denied reports of a $3 billion fundraising effort for digital assets but later confirmed it had secured $2.5 billion for that purpose. SEC Greenlights Trump Media’s Bitcoin Investment The U.S. Securities and Exchange Commission (SEC), chaired by Trump appointee Paul Atkins, approved the registration statement related to the Bitcoin funding plan in June. Documents show that Trump Media raised the capital through the resale of 56 million shares and an additional 29 million shares linked to convertible notes under debt and equity agreements. In addition to acquiring Bitcoin, Trump Media has applied to launch a spot Bitcoin ETF . A separate filing by Truth Social seeks approval to list a dual ETF tied to both Bitcoin and Ether. The SEC has been greenlighting spot Bitcoin ETFs since January 2024 and Ether ETFs since May, indicating a shifting regulatory environment toward mainstream crypto investment products. Trump’s broader crypto ambitions also include the creation of a Strategic Bitcoin Reserve and Digital Asset Stockpile —proposed in a March executive order. These reserves would contain digital assets forfeited to the government, though advisers have hinted at additional ways to expand the holdings. Political Scrutiny Intensifies Over Digital Asset Plans Despite Trump Media’s reassurances, political backlash is growing. Lawmakers from the Senate Permanent Subcommittee on Investigations have accused President Trump of using his office to benefit crypto firms through initiatives like the Strategic Reserve. Coinciding with the announcement, Senator Adam Schiff introduced the COIN Act, which seeks to bar presidents and other public officials from issuing or endorsing digital assets . If passed, the legislation could place Trump Media’s Bitcoin strategy in legal jeopardy. The post Trump Media Affirms Bitcoin Plans Amid $400M Stock Buyback appeared first on TheCoinrise.com .
