Trump Media Reaffirms $2.3 Billion Bitcoin Treasury Plan Amid Share Buyback
Trump Media and Technology Group will buy back up to $400 million of its common stock, with the board emphasizing that this will not affect the $2.3 billion raised for Bitcoin investments. CEO Devin Nunes stated the company has approximately $3 billion on its balance sheet, allowing for shareholder support and strategic opportunities. The stock repurchases will occur on the open market at the company's discretion. Shares of Trump Media are down 0.1% to $17.81, reflecting a nearly 48% decline since early 2025. The firm is also developing financial products linked to cryptocurrency, including two Truth Social branded ETFs and considering a crypto wallet and token launch. Trump's crypto initiatives have faced scrutiny regarding foreign interference and political fundraising misuse, especially after he reported earnings of $57.3 million from World Liberty Financial.
