Trump Media and Technology Group will issue a digital token to its shareholders, partnering with Crypto.com. The token will run on the Cronos blockchain and reward holders with benefits tied to its products, not equity or financial security. CEO Devin Nunes sees this as a way to reward shareholders.

The stock of Trump Media showed renewed activity after the token announcement, trading at $13.30. The company reported modest revenue of $3.67 million in the past year, a slight increase from 2024. Revenue growth has stalled, with the company struggling to expand its income base.

The token distribution is part of Trump Media’s broader crypto-related initiatives. The company has explored utility tokens, digital wallets, and investments in Bitcoin and other digital assets. Despite a quarterly loss of $54.8 million due to declining Bitcoin prices, the company continues to expand its presence in the digital asset space.

Read more at Yahoo Finance: Trump Media Token Airdrop Confirmed for Shareholders With New Truth Social Utility