Highlights:
- Trump Media’s Board has authorized up to $400 million in share repurchases.
- Buybacks will be conducted through open market transactions.
- CEO Devin Nunes cites “confidence in our stock and strategic plans.”
- The program is separate from the company’s Bitcoin treasury strategy.
- Convertible notes may also be repurchased at Trump Media’s discretion.
Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT), the parent company of Truth Social, streaming platform Truth+, and the fintech brand Truth.Fi, announced Monday that its Board of Directors has authorized a share repurchase program of up to $400 million.
According to the press release, the repurchases may include common stock or warrants and will occur via open market transactions. All repurchased shares will be retired by the company. Trump Media will determine the timing and size of each transaction based on discretion and regulatory compliance with the U.S. Securities and Exchange Commission.
Devin Nunes, CEO and Chairman of Trump Media, framed the move as a signal of strength.
The company clarified that this share repurchase initiative will be funded independently from its Bitcoin treasury strategy, which previously raised about $2.3 billion via private placement.
In addition to stock repurchases, Trump Media also retains the option to repurchase its convertible notes through open-market or private negotiations, maintaining flexibility on pricing and terms.
The announcement comes amid heightened market interest in Trump Media’s financial strategy and shareholder returns, particularly as the company diversifies into fintech and streaming through Truth.Fi and Truth+.
Cautionary Note on Forward-Looking Statements
This announcement contains forward-looking statements regarding future actions, strategies, and business results of Trump Media & Technology Group. These statements are based on management expectations and are subject to risks, uncertainties, and assumptions. Actual outcomes may differ materially.
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