Trump Media & Technology Group Corp. (TMTG) has unveiled a $400 million stock repurchase program even as it continues executing a massive $2.3 billion Bitcoin treasury strategy, underscoring its commitment to both shareholder value and long-term crypto positioning.According to a press release issued on Monday, the TMTG board approved the buyback of common stock and warrants, with purchases to be conducted on the open market. All repurchased shares will be retired following SEC-compliant protocols, although no specific timeline was disclosed.The firm, which operates Truth Social, Truth+ (streaming), and Truth.Fi (fintech) trades under the DJT ticker on the Nasdaq and the NYSE Texas.
Board Confirms Confidence Amid Crypto Pivot
Devin Nunes, CEO and Chairman of Trump Media, said the buyback reflects a high-confidence vote in the company’s strategic direction.
“The Board took a vote of confidence in our company, our stock, and our strategic plans,” Nunes stated. “With approximately $3 billion in cash, we have the flexibility to take actions that support strong shareholder returns.”
TMTG emphasized that the buyback will not interfere with its ongoing Bitcoin-focused initiatives, stating that both programs are independently funded.
$2.3B Bitcoin Treasury Strategy Gathers Steam
The buyback comes just weeks after Trump Media confirmed its intent to follow MicroStrategy’s Bitcoin treasury playbook, aiming to hold BTC as a core corporate asset.
In May 2025, the firm raised $2.44 billion through a private placement involving nearly 50 institutional investors. The offering included 55.9 million shares at $25.72 and $1 billion in zero-coupon convertible notes.
By June 13, TMTG secured SEC approval for its S-3 registration, laying the groundwork for a robust digital asset reserve. A week later, the company filed to launch a Bitcoin and Ethereum ETF under the Truth.Fi brand, with 75% allocated to BTC and 25% to ETH. Crypto.com will serve as both custodian and execution agent.
ETF, Partnerships, and Expansion Ahead
The ETF filing is part of a broader strategy, with TMTG planning to expand into energy ETFs via a partnership with Yorkville America Digital and Crypto.com. The goal is to become a pioneer in politically branded, crypto-integrated financial products.
Despite ongoing volatility in crypto markets, TMTG has doubled down on blockchain-backed finance, pursuing Truth Social’s expansion, crypto ETFs, and Bitcoin-backed treasury operations in tandem.
With over $3 billion in cash reserves, TMTG is uniquely positioned to execute this multipronged strategy, maintaining flexibility while accelerating its crypto and media footprint.
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