Trump's media company is buying back $400 million of its stock after a 46% decline.
From Yahoo Finance: 2025-06-23 11:02:00
President Trump’s media company plans to buy back $400 million of its stock, which has lost 46% in value this year. The move will improve financial flexibility by retiring purchased shares. Trump Media’s largest stakeholder is Trump, with 114 million shares. Shares rose 2% Monday but have been on a downward trend.
After winning the U.S. presidential election, Trump transferred all his shares in the company – worth $4 billion – to the Donald J. Trump Revocable Trust. This amounted to over half of the company’s stock. The buyback will be funded separately from a Bitcoin treasury strategy involving institutional investors.
Trump Media, following a $400.9 million loss in 2024 and a 12% revenue decline, is part of a growing trend of companies utilizing cryptocurrency strategies. The company aims to build a bitcoin reserve through institutional investor stock purchases, similar to MicroStrategy’s billion-dollar bitcoin reserve.
Read more: With its stock in sharp decline, Trump’s media company will buy $400 million of its own shares