Trump Media Announces Share Repurchase Authorization

Rhea-AI Summary

Trump Media and Technology Group Corp. (DJT) has announced a significant $400 million stock buyback program authorized by its Board of Directors. The company, which operates Truth Social, Truth+, and Truth.Fi, will conduct repurchases through open market transactions, retiring the repurchased shares. With approximately $3 billion on its balance sheet, CEO Devin Nunes emphasized this move as a vote of confidence in the company's future. The buyback program will be funded separately from Trump Media's previously announced Bitcoin treasury strategy, which included a $2.3 billion private placement offering. Additionally, the company maintains the option to repurchase outstanding convertible notes through open-market or private negotiations, with broad discretion over terms and timing.

Positive

• Board authorizes substantial $400 million stock buyback program
• Strong cash position with $3 billion on balance sheet
• Maintains separate $2.3 billion Bitcoin treasury strategy
• Flexibility to repurchase convertible notes
• Potential for enhanced shareholder value through share reduction

Negative

• None.

News Market Reaction

+0.34%

1 alert

+0.34% News Effect

On the day this news was published, DJT gained 0.34%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Board of Directors Approves up to $400 million Stock Buyback

SARASOTA, Fla., June 23, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("Trump Media" or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced today that its Board of Directors has authorized the repurchase of up to $400 million of the Company’s common stock.

The repurchases, comprising either stocks or warrants, would be conducted through open market transactions, with repurchased shares to be retired by the Company. The timing and amount of the repurchases would be at Trump Media’s discretion, in compliance with relevant Securities and Exchange Commission rules and regulations.

Trump Media's CEO and Chairman Devin Nunes said, “The Board took a vote of confidence in our Company, our stock, and our strategic plans. 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, as we continue exploring further strategic opportunities.”

The Share Repurchase Authorization would be funded separately from, and would not alter, Trump Media’s previously announced Bitcoin treasury strategy, which featured a private placement offering of approximately $2.3 billion in the aggregate.

Additionally, the Company may, at any time and from time to time, seek to repurchase its outstanding convertible notes in open-market or privately-negotiated transactions. The Company will retain broad discretion over the terms, prices, and factors applicable to such repurchases, if any.

Cautionary Statement About Forward-Looking Statements

This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of Trump Media. We have based these forward-looking statements on our current expectations and projections about future events, including expected potential merger & acquisition activity, the rollout of products and features, the timing and price of any share or convertible note repurchases, our Bitcoin treasury strategy, the future plans, timing and potential success of the streaming services and the launch and success of our financial services and FinTech platform. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "soon," "goal," "intends," or similar expressions. Forward-looking statements are not guarantees of future performance, and involve risks, uncertainties and assumptions that may cause our actual results to differ materially from the expectations that we describe in our forward-looking statements. There may be events in the future that we are not accurately able to predict, or over which we have no control.

About Trump Media

The mission of Trump Media is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. Trump Media operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. Trump Media is also launching Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles.

Investor Relations Contact

Shannon Devine (MZ Group | Managing Director - MZ North America)
Email: shannon.devine@mzgroup.us

Media Contact

press@tmtgcorp.com 

FAQ

What is the size of Trump Media's (DJT) stock buyback program?

Trump Media's Board of Directors has authorized a stock buyback program of up to $400 million of the company's common stock.

How much cash does Trump Media (DJT) have on its balance sheet in 2025?

Trump Media has approximately $3 billion on its balance sheet as of June 2025.

Will Trump Media's (DJT) buyback affect its Bitcoin treasury strategy?

No, the $400 million share repurchase authorization will be funded separately from and will not alter Trump Media's Bitcoin treasury strategy, which includes a $2.3 billion private placement offering.

How will Trump Media (DJT) execute its stock buyback program?

The company will conduct repurchases through open market transactions, with repurchased shares to be retired by the company. The timing and amount will be at Trump Media's discretion, following SEC rules.

What businesses does Trump Media (DJT) operate?

Trump Media operates the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi.