{"id":486428,"date":"2025-06-23T20:45:26","date_gmt":"2025-06-23T19:45:26","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=486428"},"modified":"2025-06-23T20:30:08","modified_gmt":"2025-06-23T19:30:08","slug":"tmtg-reaffirms-bitcoin-commitment-amid-400m-share-buyback-plan","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/tmtg-reaffirms-bitcoin-commitment-amid-400m-share-buyback-plan\/","title":{"rendered":"TMTG reaffirms Bitcoin commitment amid $400M share buyback plan"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/companies\/trump-media-and-technology-group\/\">Trump Media and Technology Group<\/a> announced plans to repurchase up to $400 million worth of its own shares while leaving intact the $2.3 billion it has earmarked for building a substantial Bitcoin (<a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">BTC<\/a>) reserve.<\/p>\n<p>The board of directors authorized the buyback plan as a show of confidence in the company\u2019s stock and future growth strategy, according to the June 23 statement.<\/p>\n<p>TMTG CEO and Chairman Devin Nunes said:<\/p>\n<blockquote><p>&#8220;With nearly $3 billion available on our balance sheet, we\u2019re in a position to deliver value to shareholders while pursuing strategic moves like our Bitcoin treasury plan.&#8221;<\/p><\/blockquote>\n<p>The repurchase program will be carried out in the open market at the company\u2019s discretion.<\/p>\n<p>Shares of Trump Media, which trade under the ticker DJT, edged down 0.1% during the June 23 trading session to $17.81. The stock has fallen almost 48% since hitting yearly highs in January as the company has pushed deeper into digital assets.<\/p>\n<h2>Digital assets push<\/h2>\n<p>In May, Trump Media announced it had secured about $2.3 billion specifically to purchase Bitcoin, reinforcing President Trump\u2019s broader embrace of cryptocurrency.<\/p>\n<p>The company has also submitted filings for two <a href=\"https:\/\/cryptoslate.com\/trump-media-files-for-groundbreaking-bitcoin-and-ethereum-etf\/\">Truth Social-branded crypto ETFs<\/a>: one investing <a href=\"https:\/\/cryptoslate.com\/trump-media-unveils-bitcoin-etf-amid-financial-services-expansion\/\">solely in Bitcoin<\/a> and another split between Bitcoin and Ethereum (<a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">ETH<\/a>).<\/p>\n<p>President <a href=\"https:\/\/cryptoslate.com\/people\/donald-trump\/\">Donald Trump\u2019s<\/a> expanding crypto ventures have attracted increased attention in Washington, with <a href=\"https:\/\/cryptoslate.com\/democrat-lawmakers-press-sec-for-records-on-trump-family-backed-world-liberty-financial\/\">lawmakers questioning potential risks<\/a> related to campaign fundraising and conflicts of interest.<\/p>\n<p>Last week, financial disclosures showed the President earned more than $57 million from his blockchain venture, <a href=\"https:\/\/cryptoslate.com\/companies\/world-liberty-financial\/\">World Liberty Financial<\/a>, days before reports emerged that his <a href=\"https:\/\/cryptoslate.com\/trump-family-cuts-stake-in-world-liberty-financial-by-20\/\">family\u2019s stake in the company<\/a> had been trimmed.<\/p>\n<p>Rumors about a Truth Social crypto wallet and token remain unresolved after the company denied near-term plans earlier this year. Meanwhile, Bitcoin hovered near $101,779 on Monday, down nearly 6% in the past day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump Media and Technology Group announced plans to repurchase up to $400 million worth of its own shares while leaving intact the $2.3 billion it has earmarked for building a substantial Bitcoin (BTC) reserve. The board of directors authorized the buyback plan as a show of confidence in the company\u2019s stock and future growth strategy, [&hellip;]<\/p>\n","protected":false},"author":1250,"featured_media":482185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,1,77968,79849],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TMTG reaffirms Bitcoin commitment amid $400M share buyback plan<\/title>\n<meta name=\"description\" content=\"TMTG maintains $2.3 billion Bitcoin reserve alongside share buyback to balance growth and shareholder value.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/tmtg-reaffirms-bitcoin-commitment-amid-400m-share-buyback-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TMTG reaffirms Bitcoin commitment amid $400M share buyback plan\" \/>\n<meta property=\"og:description\" content=\"TMTG maintains $2.3 billion Bitcoin reserve alongside share buyback to balance growth and shareholder value.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/tmtg-reaffirms-bitcoin-commitment-amid-400m-share-buyback-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-23T19:45:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-23T19:30:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/05\/tmtg-bitcoin-treasury.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Assad Jafri\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Assad Jafri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/tmtg-reaffirms-bitcoin-commitment-amid-400m-share-buyback-plan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/tmtg-reaffirms-bitcoin-commitment-amid-400m-share-buyback-plan\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/#person\",\"name\":\"Assad Jafri\",\"url\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/cs-syed.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/cs-syed.jpg\",\"caption\":\"Assad Jafri\"},\"jobTitle\":\"Former Editor & Reporter\",\"description\":\"AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. 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