TMTG keeps the course. Group Trump Media and Technology Group (TMTG) announced yesterday that he is about to take over $ 400 million Shares and subscription vouchers to support the course of its event DJT, which was down for several weeks. TMTG chief said that this operation would not change the company’s strategy regarding the acquisition of bitcoins And that everything went as planned. We find out Devin Nunes, CEO TMTG.
- Trump Media and Technology Group announced the takeover of shares and a $ 400 million subscription to support its decline.
- Devin’s CEO Nunes said that this operation would not affect the company’s Bitcoin strategy that received $ 2.3 billion to obtain bitcoins.
TMTG buys $ 400 million on stocks and subscriptions
From a decision to create and Bitcoin cash flow speak Trump Media and Technology Groupaction Djt It is 30% and the company management decided to respond to support its course. This is probably the reason the group announced yesterday in the press Affairs of $ 400 million events and subscriptions to the vouchers that will bring back the course of their action.
Devin Nunes, Chairman and CEO of TMTG said “Voting of the Board of Directors of Society and its Strategic Projects”. He also said it with 3 billion dollars The group had a group in their accounts “Flexibility necessary to support this kind of decision to the course of its action”.
The company boss confirms that Bitcoin strategy will not change
At the same time, TMTG chief confirmed that this operation would not change the company’s strategy concerning bitcoins and that the planned plan was previously relevant. As a reminder, the group has increased $ 2.3 billion With institutional investors to buy bitcoins and drought, they gave green light a few days ago.
Devin nunes also determined that the group can buy a convertible “Depending on the occasions that arise on the market”. Finally he remembered that the group had several other projects and that he would continue to examine others strategic opportunities.
Group Trump Media and Technology Group So he decided to support the course of his event by purchasing $ 400 million on stocks and subscription vouchers, but that will not change his strategy regarding Bitcoins. The group should therefore start buying new bitcoins with funds obtained from institutional investors soon And we’ll watch it carefully.
(Tagstranslate) Bitcoin Treasury (T) Donald Trump (T) United States (US)