Catenaa, Monday, June 23, 2025- Trump Media, the parent company of Truth Social, said on Monday that its board has approved a stock buyback of up to $400 million.
The company said the buyback could include both common stock and warrants, executed through open market transactions. All repurchased shares would be retired.
“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.
The announcement follows Trump Media’s $2.5 billion raise last month from institutional investors, one of the largest bitcoin treasury plays by a public company.
The company said it would use those funds, which include $1.5 billion in equity and $1 billion in convertible notes, to buy bitcoin, with custody provided by Anchorage Digital and Crypto.com.
Calling bitcoin a “crown jewel,” Nunes said the move was designed to defend the company against what he described as “discrimination by financial institutions” against conservative businesses.
The funds will also support the launch of Trump-branded exchange-traded funds and other crypto products later this year, pending regulatory approval.
In February, Trump Media & Technology Group reported a $400.9 million net loss for the full year on just $3.6 million in annual revenue.
Trump media stock was up by 3% at market open on Monday following the news.
