Trump Media Announces $400M Share Buyback, Keeps Bitcoin Treasury Strategy Untouched
Flash
June 24, 2025 10:02 AM
In Brief:
Trump Media will repurchase $400M in shares, funded separately from its BTC holdings.
DJT stock rose 3.8% on the news, trading at $18.50.
Trump Media and Technology Group (DJT), the parent company of Truth Social, announced a $400 million share buyback plan to be executed through open market transactions. The firm clarified that the buyback will be financed independently and will not impact its newly launched Bitcoin treasury strategy.
Trump Media, which recently secured over $2 billion from institutional investors to build its BTC reserves, emphasized that custody partners Crypto.com and Anchorage Digital remain in place. CEO Devin Nunes said the company’s $3 billion balance sheet gives it the flexibility to support shareholder value while continuing to explore strategic opportunities. DJT shares rose 3.8% to $18.50 following the announcement.
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