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#TrumpMedia

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The company, which went public via special purpose acquisition company, or #SPAC, last year, now trades with a market capitalization of around $4.9 billion.

The stock nearly doubled in 2024 as #Trump won the US presidential election in November. As of Friday's close, the stock was down nearly 48% this year.

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#TrumpMedia said the buyback will be funded *independently* & will not affect the capital already earmarked for its #bitcoin #treasury initiative.

In Feb, #Trump Media reported a $400.9M net loss for the full year on just $3.6M in annual revenue. The company cited legal fees & a revised advertising revenue-sharing agreement as contributing factors.

Despite the losses, Trump Media said it ended the year with $776.8M in cash & short-term investments.

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The announcement follows #TrumpMedia's $2.5 billion raise last month from institutional investors — one of the largest #bitcoin #treasury plays by a public company. The company said it would use those funds, which include $1.5 billion in equity & $1 billion in convertible notes, to buy bitcoin, with custody provided by Anchorage Digital & Crypto.com.

#law#Trump#fraud
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#TrumpMedia & Technology Group, the parent company of Truth Social, Truth+, & the #fintech platform Truth.Fi, said Mon its board approved a stock buyback of up to $400M.
#Trump Media #stock rose about 3% on the news premarket.

The Florida-based company, which trades under the ticker #DJT on both Nasdaq & NYSE Texas, said the buyback could include both common stock & warrants, executed through open market transactions. All repurchased shares would be retired.

#TrumpMedia approves $400M stock buyback

The Trump Media buyback will be funded separately from the company’s #bitcoin #treasury plan, which includes $1.5B in equity & $1B in convertible notes.

#Trump indirectly owns more than 114M shares of the company through a revocable trust & is the largest shareholder.

Trump Media posted a $400.9M net loss in 2024 on just $3.6M in revenue but says it ended the year with over $775M in cash.

#law #fraud #securities #Emoluments
cnbc.com/2025/06/23/trump-medi

CNBCTrump Media approves $400 million stock buybackPresident Donald Trump indirectly owns more than 114 million shares of the company through a revocable trust and is the largest shareholder.

Trump Media & Technology Group Announces Share Repurchase Authorization - Board Directors Approves up to $400 million Stock Buyback

CEO Devin Nunes: "Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this"

The Share Repurchase Authorization would be funded separately from previously announced Bitcoin treasury strategy, which featured private placement offering of approx $2.3 billion

#TMTG #TrumpMedia

sec.gov/Archives/edgar/data/18

THE HARROD REPORT >>> CRYPTO NEWSWIRE: SEC Approves Trump Media and Technology Group’s $2.5 Billion Bitcoin Treasury Deal via S-3 Filing

x.com/GetTheDailyDirt/status/1

The U.S. Securities and Exchange Commission has declared effective the registration statement for Trump Media and Technology Group's #BitcoinTreasury deal, clearing the way for the company to acquire up to $2.5 billion worth of #Bitcoin

This approval enables #TrumpMedia, the parent company of #TruthSocial, to expand its Bitcoin....

American financier Don Wilson invested $100 million in Trump family bitcoin project, Trump Media & Technology Group, through his company DRW Investments - just nine weeks after an SEC probe into his crypto business Cumberland was dropped by the Trump administration

#TrumpMedia #TMTG #DonWilson #DRWInvestments #Cumberland #SEC

ft.com/content/548161ee-0cfb-4

Financial Times · US tycoon pours $100mn into Trump crypto project after SEC reprieveBy Harriet Agnew