Trump Media and Technology Group (DJT), the parent company of Truth Social, has announced a $400 million stock buyback program, which will be financed separately from its existing Bitcoin treasury initiative. The repurchase will occur through open market transactions, and the shares bought back will be retired by the company.
CEO Devin Nunes highlighted that with approximately $3 billion on its balance sheet, Trump Media has the flexibility to pursue measures that support strong shareholder returns while continuing to explore strategic opportunities. This announcement follows Trump Media’s recent efforts to raise over $2 billion from about 50 institutional investors to fund their Bitcoin treasury, for which Crypto.com and Anchorage Digital serve as custodians.
Following the buyback announcement, DJT shares climbed over 3.8% early on Monday, reflecting investor confidence in the company’s financial strategy. The buyback program underscores Trump Media's commitment to enhancing shareholder value alongside its ambitious cryptocurrency investment plans.