Trump Media and Technology Group (NASDAQ: DJT), the parent entity of Truth Social platform and a host of upcoming ETFs and SMAs under the Truth.Fi banner, has now debuted a share buyback program worth around half a billion dollars.
To wit, Trump Media and Technology Group has just announced via a dedicated press release that its board of directors have "authorized the repurchase of up to $400 million of the company’s common stock."
The statement went on to note:
"The repurchases, comprising either stocks or warrants, would be conducted through open market transactions, with repurchased shares to be retired by the company."
Trump Media and Technology Group will repurchase its shares via open market operations, at intervals of its choosing.
As per Trump Media's current market capitalization of $4.94 billion, the program can theoretically repurchase around 12.35 million shares. For context, do note that the company currently has a trading float of 121.43 million shares.
Of course, this development comes as Trump Media and Technology Group barely has any revenue to speak of. For instance, for the year that ended on the 31st of December 2024 (the last such publicly available data), Trump Media and Technology Group reported just $3.6 million in sales. What's more, when you remove the amortization of deferred revenue from this figure, actual billings for the year amounted to just ~$200,000 (unearned revenue on the balance sheet declined from $4.41 million to 1.01 million by the end of 2024, implying unearned revenue recognition of $3.4 million vs. reported sales of $3.6 million).
Meanwhile, as we've continued to note in our recent posts on the topic, Trump Media is desperately trying to increase its revenue base by diversifying away from its core Truth Social-based competencies. In recent days, it filed a registration statement with the SEC for its Truth Social Bitcoin and Ethereum ETF, which will hold the two cryptocurrencies in a 75:25 ratio, respectively. Crypto.com will act as the ETF's custodian, prime execution agent, and a provider of staking and liquidity. The company plans to launch a number of ETFs and SMAs under its Truth.Fi brand by utilizing a dedicated funding pool of around $250 million.
Trump Media and Technology Group also recently managed to raise $2.3 billion - via 29 million shares of underlying convertible notes and an equity offering consisting of 56 million common shares - for a dedicated Bitcoin Treasury.
About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.
Follow Wccftech on Google to get more of our news coverage in your feeds.
