Key Takeaways:
Trump Media (DJT) to launch a $400 million share repurchase program via open market buys.
The buyback will be funded independently and will not affect the company’s $2B Bitcoin treasury strategy.
Trump Media raised $2 billion from 50+ institutional investors to build a BTC treasury, with Crypto.com and Anchorage Digital as custodians.
DJT stock jumped 3.8% to $18.50 following the announcement.
Trump Media & Technology Group (NASDAQ: DJT) — the parent company of Truth Social — has announced a $400 million share buyback program, funded separately from its newly established Bitcoin treasury.
The company emphasized that the share repurchase will not impact its ongoing Bitcoin investment strategy, which was funded by a recent $2 billion raise from over 50 institutional investors.
“Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities,” said CEO Devin Nunes.
Buyback Details and Bitcoin Strategy
The buyback will be executed via open market purchases, with repurchased shares set to be retired, the company said in a statement Monday.
The decision comes after Trump Media’s high-profile move into crypto treasury management, using newly raised capital to accumulate Bitcoin. Custody partners for the BTC holdings include Crypto.com and Anchorage Digital, signaling institutional-grade infrastructure for the treasury program.
Market Reaction: DJT Shares Rise
Following the buyback news, DJT shares climbed 3.8% to $18.50 in early trading on Monday, as investors responded positively to the company’s capital allocation plan.
The update comes amid growing attention on Truth Social and its parent company’s broader Web3 and crypto strategy, including a pending Truth Social Bitcoin and Ethereum ETF filing.
