Trump Media Reaffirms $2.3 Billion Bitcoin Treasury Plan Amid Share Buyback

Trump Media and Technology Group, supported by Donald Trump on the Truth Social Social Media platform, buys up to $ 400 million from the company’s ordinary shares, announced on Monday.

The Board of Directors approved this step, which explicitly noted that it would not change or pull out the funds from $ 2.3 billion they have received to buy Bitcoins in May.

“The Board of Directors voted on trust in our company, our shares and our strategic plans,” said Trump Media Devin Nunes, CEO and Chairman of Trump Media. “Since Trump Media now has approximately $ 3 billion in its balance sheet, we have the flexibility to take steps that support the strong return on shareholders because we continue to explore other strategic opportunities.”

The purchase will be carried out in the open market and, according to the announcement, the size and timing will be discretion at the discretion of Trump Media.

In the report on the return of Trump Media (DJT) on the day they are 0.1% on the day and now trades $ 17.81. For shares it was a turbulent year, which has fallen by almost 48%since the beginning of 2025, as the company further intertwines with the crypto world.

Besides Creating a bitcoin box officeThe brand was active in creating financial products with a cryptopoji, including the administration of two separate truths of the ETF social sign – one and Separate Bitcoin ETFand the other and Common Bitcoin/Ethereum ETF.

At the beginning of this year, a letter Written by DJT shareholders He indicated that the company was considering starting its own crypto wallet and crypto. Later reports of The dust -start of the token has been rejected by society, but did not solve or rule out future launch.

President Trump’s crypto began to grow well before, especially with his launch official Solan the same corner (TRUMP) In January plus last autumn introduction of deficted Trump-Backed, World Liberty Financial.

Trump’s crypt movements have check -up from the legislators who emphasized the potential concerns about foreign interventionabuse of political fundraising and personal enrichment of the President.

This check became only late as president Published profit of $ 57.3 million from World Liberty Financial last week – just a few days before it was announced that Trump’s family reduced their share In society, perhaps as a result of growing fears.

Edited Andrew Hayward