Andrew Kessel
1 min read
In This Article:
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Trump Media & Technology Group shares rose Monday as the Truth Social parent authorized a $400 million share repurchase program.
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The buybacks will be funded separately from Trump Media's Bitcoin buying efforts, the company said.
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In May, Trump Media raised more than $2.3 billion in a private placement in order to "create a Bitcoin treasury.”
Trump Media & Technology Group (DJT) shares rose Monday as the company authorized a $400 million stock buyback program.
The Truth Social parent, founded by President Donald Trump, traded close to 3% higher in recent trading. Still, the stock has lost almost half of its value in 2025 so far.
The share repurchases will be funded separately from the company’s Bitcoin buying efforts, Trump Media said. In May, the company raised more than $2.3 billion in a private placement in order to "create a Bitcoin treasury.”
Last week, Trump Media said it plans to launch an ETF that would directly hold both Ether and Bitcoin, with a quarter of its assets in the former and the rest in the latter. The launch is planned for "later this year," the company said.
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