Trump Media Announces $400M Share Buyback, Keeps Bitcoin Treasury Untouched

Trump Media and Technology Group (DJT), the parent company behind Truth Social, unveiled plans for a $400 million share repurchase program, signaling confidence in its financial strength.

The company emphasized that the buyback will be funded entirely separately from its bitcoin treasury strategy and won’t impact its crypto holdings. The repurchases will take place through open market transactions, with the acquired shares subsequently retired, Trump Media said in a statement Monday.

“With about $3 billion now on our balance sheet, we have the flexibility to pursue initiatives like this to deliver strong returns for shareholders, while continuing to evaluate new strategic opportunities,” said CEO Devin Nunes.

Earlier this year, Trump Media raised over $2 billion from roughly 50 institutional investors to establish a bitcoin treasury. Crypto.com and Anchorage Digital have been tapped to provide custody services for the BTC holdings.

Following the buyback announcement, DJT shares rose more than 3.8% to $18.50 in early Monday trading.