Overview

• The board authorized up to $400 million in open-market repurchases of common stock and warrants, with all repurchased shares to be retired.
• Trump Media will fund the buyback separately from its Bitcoin treasury strategy established through a $2.5 billion private placement with about 50 institutional investors.
• The company reported a $400.9 million net loss in 2024 on just $3.6 million in revenue, underscoring ongoing financial sustainability concerns.
• Shares of DJT rose more than 3% in premarket trading following the announcement despite a nearly 50% year-to-date decline.
• Trump Media plans to use its bitcoin holdings to support the rollout of Trump-branded ETFs and other cryptocurrency products pending regulatory approval.