Trump Media approves $400 million stock buyback

Trump Media and Technology GroupSocial, Truth+and Fintech Platform Truth reputation Up to $ 400 million.

Trump Media Stock News increased by about 3% in Premarket.

Florida -based company, which is traded under the ticket in both Nasdaq and Nyse Texas, said that the backward receipt may include both ordinary stocks and warrants carried out through open market transactions. All purchased stocks were retired.

“As Trump Media is now about $ 3 billion in Trump Media’s balance sheet now, as we continue to investigate more strategic opportunities, we have the flexibility to do such actions that support strong shareholders.” He said.

President Donald Trump, which indirectly with more than 114 million stakes of the company through a canable trust, continues to be the largest shareholder.

The announcement follows Trump Media’s $ 2.5 billion from corporate investors last month – one of the largest Bitcoin treasure games of a public company. The company said it would use these funds, which contain $ 1.5 billion of equity and 1 billion dollars convertible notes to buy Bitcoin with custody provided by Anchorage Digital and Crypto.com.

Nunes, who calls Bitcoin “crown jewel”, said the movement was designed to defend against what he defines as “discrimination by financial institutions against conservative enterprises against conservative enterprises. Funds will also support the launch of Trump -branded stock exchange funds and other crypto products, which are waiting for regulatory approval later this year.

Trump Media said it would be independently financed by receiving back and would not affect the already allocated capital for Bitcoin Treasury initiative.

In February, Trump Media reported a net loss of $ 400.9 million with only $ 3.6 million for the full year. The company demonstrated the legal fees and a revised advertising revenue sharing agreement as factors that contributed.

Despite losses, Trump Media said that the year ended the year with $ 776.8 million in cash and short -term investments.

The company, which was opened to the public through a special purpose purchasing company or Spac last year, is now traded with a market value of approximately $ 4.9 billion.

Since Trump won the US presidential elections in November, the stock increased almost doubled in 2024. From the closing of Friday, the stock fell approximately 48% this year.

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