Trump Media & Technology Group (stock symbol DJT) announced plans to buy back $400 million worth of shares. The company stated that this buyback will not affect its previously announced Bitcoin allocation plan, which is supported by $2.3 billion in private sale financing and has been approved for implementation by the U.S. Securities and Exchange Commission. Trump Media operates the Truth Social social platform and the Truth.Fi fintech business, and its Bitcoin allocation funds come from fundraising by approximately 50 institutional investors. The company's latest statement claims that it currently holds around $3 billion in assets on its balance sheet and will maintain flexibility to explore more strategic opportunities. (TheBlock)

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