Trump Media announces $400 million share buyback program
The diverse media company, which parents Truth Social and Truth+, made the announcement Monday morning
by Summer Lane | June 23, 2025
Trump Media and Technology Group, the parent company of President Donald Trump’s free speech platform Truth Social, announced Monday the authorization of a $400 million share buyback program.
According to a press release, TMTG’s board of directors authorized the decision, allowing the repurchase of stocks or warrants through open market transactions.
“The Board took a vote of confidence in our Company, our stock, and our strategic plans,” said TMTG CEO Devin Nunes.
He added, “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.”
Following Monday’s announcement, Trump Media stock (DJT) rose roughly 6 percent in the pre-open market, according to Investing.com.
TMTG has worked steadily to expand its media platform over the past few years, beginning with social networking on Truth Social, and later expanding to television live-streaming (Truth+), and financial services aimed at utilizing “America First” investment opportunities (Truth.Fi).
According to TMTG, the repurchase authorization will not impact its Bitcoin treasury:
“The Share Repurchase Authorization would be funded separately from, and would not alter, Trump Media’s previously announced Bitcoin treasury strategy, which featured a private placement offering of approximately $2.3 billion in the aggregate.”
Last week, the company announced its filing with the U.S. Securities and Exchange Commission (SEC) for the “Truth Social Bitcoin and Ethereum ETF.” Crypto.com was also announced as the digital currencies’ “exclusive Bitcoin and Ether custodian and prime execution agent, as well as staking and liquidity provider.”
In May, TMTG additionally published its first-quarter financial results, touting $759 million in cash, cash equivalents, and short-term investments, per the company.
“As we launched our diversification strategy last quarter, we developed unique financial products to meet the demand for non-woke funds that invest in superior American companies,” said Nunes.
Photo: Adobe Stock
