Trump Media and Technology Group authorized a $400 million stock buyback program Monday, with the board of directors approving the repurchase of shares and warrants through open market transactions. The move comes as the Truth Social parent company sits on approximately $3 billion in cash, giving it flexibility to return money to shareholders while pursuing strategic opportunities.
The authorization represents a vote of confidence in the company's direction as it expands beyond social media into financial services and cryptocurrency investments, though the stock has declined roughly 7% year-to-date.
CEO and Chairman Devin Nunes framed the buyback as evidence of the board's confidence in Trump Media's prospects. "The Board took a vote of confidence in our Company, our stock, and our strategic plans," Nunes said in a statement12. "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."
The buyback will be funded separately from Trump Media's Bitcoin treasury strategy, which involved raising $2.3 billion through a private placement offering completed in May134. That fundraising effort, one of the largest Bitcoin-focused initiatives by a public company, positioned Trump Media to acquire digital assets as part of what Nunes called protection against "financial discrimination" targeting conservative businesses34.
Trump Media shares rose approximately 3% in premarket trading following the announcement123. The stock trades on both Nasdaq and NYSE Texas under the ticker DJT, with a 52-week range between $12,470.8 and $17,845.724.
The company operates Truth Social, the Truth+ streaming platform, and is launching Truth.Fi, a financial services brand56. Despite high-profile initiatives, Trump Media reported a net loss of $400.9 million for the full year with just $3.6 million in revenue1. In the first quarter of 2025, the company maintained $759 million in cash and investments while consuming $9.7 million in operating cash flow7.
The buyback announcement follows Trump Media's recent filing with the Securities and Exchange Commission for a proposed Bitcoin and Ethereum exchange-traded fund12. The ETF would allocate 75% of assets to Bitcoin and 25% to Ethereum, pending regulatory approval1.
Trump Media also plans to introduce a utility token within a Truth digital wallet and complete the launch of Truth.Fi ETFs this year3. The company has positioned these moves as part of broader diversification efforts beyond its core social media platform.
