Trump Media to buy back $400M in stock as shares fall 46%, plans separate $2.5B Bitcoin reserve

Trump Media to buy back $400M in stock as shares fall 46%, plans separate $2.5B Bitcoin reserve

Trump Media and Technology Group, operator of Truth Social, announced plans to repurchase up to $400 million of its own stock, aiming to boost financial flexibility amid a 46 share price decline this year. The repurchased shares will be retired and not reissued. Trump, the company’s largest shareholder with about 114 million shares, transferred his stake to a revocable trust after winning the 2024 election. Shares rose slightly Monday but remain far below their post-IPO peak in March. The company reported a $400.9 million loss in 2024, with annual revenue dropping 12 to $3.6 million. The buyback will be funded separately from a $2.5 billion Bitcoin reserve plan backed by institutional investors, mirroring strategies by firms like MicroStrategy.


User: Benzinga

Views: 637

Uploaded: 2025-06-24

Duration: 00:47

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