Share this article
Trump Media Share Buyback to be Funded Separately From BTC Treasury Strategy
Trump Media recently raised more than $2 billion from around 50 institutional investors to create a BTC treasury.
Jun 23, 2025, 2:48 p.m.
Make us preferred on Google
What to know:
- Trump Media and Technology Group, the parent company of social media platform Truth Social, is set to undertake a $400 million share buyback program.
- The repurchase will be funded separately from and not alter the company's bitcoin treasury strategy.
- Trump Media recently raised more than $2 billion from around 50 institutional investors to create a BTC treasury.
Trump Media and Technology Group (DJT), the parent company of the social media platform Truth Social, is planning a $400 million share buyback program.
President Donald Trump's media firm said that the repurchase would be funded separately from and not alter its bitcoin treasury strategy.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The buyback will be conducted through open market transactions, and the repurchased shares will be retired by the company, Trump Media announced on Monday.
"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," CEO Devin Nunes said.
Trump Media recently raised more than $2 billion from around 50 institutional investors to create a BTC treasury, for which Crypto.com and Anchorage Digital will provide custody services.
DJT shares climbed over 3.8% to $18.50 in early trading on Monday following the buyback announcement.
Lebih untuk Anda
BlackRock exec says 1% crypto allocation in Asia could unlock $2 trillion in new flows
During a panel discussion at Consensus in Hong Kong, Peach pointed to massive capital pools in traditional finance as ETF adoption spreads across Asia.
Yang perlu diketahui:
- Even a 1% crypto allocation in standard portfolios across Asia could translate into nearly $2 trillion of inflows, highlighting how modest shifts in asset allocation could transform the digital asset market, according to the head of APAC iShares at BlackRock, Nicholas Peach.
- BlackRock's iShares unit, whose U.S.-listed spot Bitcoin ETF IBIT has rapidly grown to about $53 billion in assets, is seeing strong demand from Asian investors as ETF adoption accelerates across the region.
- Regulators in markets such as Hong Kong, Japan and South Korea are moving toward broader crypto ETF offerings, but industry leaders say investor education and portfolio strategy will be critical to channeling traditional finance capital into digital assets.
Top Stories
