Funding for Trump Media’s Share Buyback to Remain Separate from Its Bitcoin Strategy

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

Trump Media & Technology Group (DJT), the parent company of Truth Social, has announced plans for a $400 million share buyback, underscoring its confidence in the company’s financial footing.

The firm clarified in a statement on Monday that the repurchase will be funded entirely from cash on hand and will not tap into its bitcoin treasury holdings. The shares will be acquired through open market transactions and retired after repurchase.

“With close to $3 billion on our balance sheet, we’re in a strong position to pursue this buyback and continue exploring other strategic opportunities,” said CEO Devin Nunes.

Earlier this year, Trump Media raised more than $2 billion from roughly 50 institutional investors to build a bitcoin treasury. Crypto.com and Anchorage Digital have been appointed as custodians for the company’s BTC assets.

Following the announcement, DJT shares rose 3.8% in early Monday trading, reaching $18.50.