U.S. President Donald Trump speaks to the media upon arrival at Joint Base Andrews following a go to to North Carolina, in Maryland, U.S., June 10, 2025.
Evelyn Hockstein | Reuters
Trump Media & Technology Group, the father or mother firm of Fact Social, Fact+, and the fintech platform Fact.Fi, said Monday its board has permitted a inventory buyback of as much as $400 million.
Trump Media inventory rose about 3% on the information premarket.
The Florida-based firm, which trades beneath the ticker DJT on each Nasdaq and NYSE Texas, stated the buyback might embody each widespread inventory and warrants, executed via open market transactions. All repurchased shares can be retired.
“Since Trump Media now has roughly $3 billion on its stability sheet, we have now the flexibleness to take actions like this which assist robust shareholder returns, as we proceed exploring additional strategic alternatives,” stated CEO Devin Nunes in a launch saying the transfer.
The announcement follows Trump Media’s $2.5 billion raise final month from institutional traders — one of many largest bitcoin treasury performs by a public firm. The corporate stated it could use these funds, which embody $1.5 billion in fairness and $1 billion in convertible notes, to purchase bitcoin, with custody offered by Anchorage Digital and Crypto.com.
Calling bitcoin a “crown jewel,” Nunes stated the transfer was designed to defend the corporate in opposition to what he described as “discrimination by monetary establishments” in opposition to conservative companies. The funds may even assist the launch of Trump-branded exchange-traded funds and different crypto merchandise later this 12 months, pending regulatory approval.
In February, Trump Media & Expertise Group reported a $400.9 million internet loss for the total 12 months on simply $3.6 million in annual income.
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