Trump Media Doubles Down on $2.3B Bitcoin Bet—Even as It Buys Back Shares
Trump Media just made its biggest crypto power play yet—reaffirming plans to park $2.3 billion in Bitcoin while simultaneously executing share buybacks. Because nothing says 'confidence' like hedging your bets with digital gold and stock repurchases.
The move signals either extreme conviction or a masterclass in financial theater. Either way, it's a bullish lightning rod for crypto adoption—and a stark reminder that corporate treasuries are still playing fast and loose with shareholder money.
One thing's certain: When legacy finance meets Bitcoin maximalism, the result is never boring. Just ask the SEC.