Latest news with #TrumpMedia
Yahoo
5 hours ago
- Business
- Yahoo
Jim Cramer on Trump Media & Technology: 'Can't Really Anticipate a Short Squeeze'
Trump Media & Technology Group Corp. (NASDAQ:DJT) is one of the 14 stocks Jim Cramer recently shared insights on. Inquiring about DJT, a caller asked if Cramer sees a short squeeze, given its position in Bitcoin. In response, Cramer said: 'Well, I can't really anticipate a short squeeze because I don't know, you've got 12% short position, could be, maybe. The real short squeezes have occurred… when it gets to about 25, 30. I think below that, then you're kind of on your own with the fundamentals.' An investor examining several stock charts and making decisions based on the data. Trump Media & Technology (NASDAQ:DJT) provides social media, streaming, and financial services through platforms like Truth Social, Truth+, and In March 2024, when the company stock was near its highest levels, Cramer said: 'I am not sure where Mr. Trump's head is, but this is a moment where he could say, look, the stock's up 286%. No one would mind if I sold stock, so please let me do it.' While we acknowledge the potential of DJT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Business Insider
a day ago
- Business
- Business Insider
DWF Ventures Report Reveals $76B Crypto Treasury Investment by Public Companies
Leading web3 venture capital firm DWF Ventures has published a research report revealing the growth in crypto treasury investment by public companies. It has identified 14 companies that have rolled out a crypto investment strategy, and who collectively now hold digital assets worth $76B. In the past year, DWF Ventures has noted investments of more than $40B made by public companies. It pinpoints a total of 14 such companies that now have significant crypto treasuries. Aside from the Michael Saylor-led Strategy with its $67B investment, DWF Ventures cites public companies such as Trump Media, GameStop, Metaplanet, Tesla, and Semler Scientific. The report examines the different ways in which publicly listed companies can raise capital and deploy crypto treasuries. Examples include Private Investment in Public Equity (PIPE); At-The-Market (ATM) Equity Sales; Credit Facility; Reverse Merger; and Company Treasury. It notes the popularity of PIPE and convertible notes as used by the likes of Trump Media, Interactive Strength, and GameStop. DWF Ventures also explores the crypto assets that public companies have elected to acquire. Bitcoin predictably dominates, but it highlights examples of companies that have established altcoin treasuries. These include Nano Labs (BNB) as well as companies investing in ETH, SOL, SUI, and TRX. One of the more interesting deals that was examined as a case study is Tron's reverse merger. This will effectively see Tron go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment Inc. (SRM). SRM Entertainment has also entered into a $100 million equity agreement to fund its Tron treasury. The report concludes: 'Building on our recent investment in Interactive Strength (TRNR) for the FET treasury, DWF Labs is actively exploring further opportunities within the US equity market. The company is keen to engage in similar structured deals moving forward.' The DWF Ventures crypto treasury report can be read in full here. DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges. Contact Lynn Chia
Yahoo
a day ago
- Business
- Yahoo
Trump Media Just Announced a $400 Million Buyback. Should You Buy DJT Stock Here?
Trump Media and Technology Group (DJT) surged in early trading on Monday, June 23 following the announcement of a $400 million share repurchase authorization, though shares closed roughly flat. The operator of Truth Social, Truth+, and said the buyback demonstrates board confidence in the company's strategic direction while leveraging its $3 billion balance sheet. CEO Devin Nunes emphasized the program supports shareholder returns as management explores additional strategic opportunities. The repurchases, funded separately from Trump Media's Bitcoin (BTCUSD) treasury strategy, will include stocks and warrants through open market transactions with retired shares. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Dear Micron Stock Fans, Mark Your Calendars for June 25 Is United Health Stock a Buy, Hold or Sell for July 2025? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Valued at a market cap of $4 billion, DJT stock is down 80% from all-time highs and has pulled back by almost 50% in 2025. Let's see if you should own DJT stock right now. Earlier this month, Trump Media announced a massive $2.5 billion capital raise to build one of the largest corporate Bitcoin reserves. The Truth Social operator plans to raise funds through $1.5 billion in common stock and $1 billion in convertible notes, with the proceeds primarily directed toward accumulating Bitcoin as a core treasury asset. Nunes positioned the strategy as both a value driver and political statement, calling Bitcoin 'the apex instrument of financial freedom' and a hedge against 'financial discrimination.' The company will partner with Anchorage Digital and for custodial services, signaling institutional-grade security for its cryptocurrency holdings. However, Trump Media's fundamental business metrics raise questions about this strategic pivot. For instance, in Q1, it reported revenue of $821,000, while operating expenses exceeded $40 million. Similar to other social media platforms, Truth Social relies heavily on advertising revenue, generating 93% of these sales from a single customer. Unlike MicroStrategy (MSTR), which had an established enterprise software business before pivoting to Bitcoin, Trump Media lacks profitable operations to support its treasury strategy. Its emerging products Truth+ and have yet to generate meaningful revenue, while management has acknowledged material weaknesses in financial reporting controls. Trump Media's economic moat centers on its positioning within conservative social media and the powerful Trump brand. This allows the platform to capture a niche audience that mainstream platforms may avoid due to content moderation concerns. However, a heavy dependence on President Donald Trump's personal brand creates vulnerability to political controversies, while competition from established social media giants requires substantial investments in technology and marketing. Moreover, ongoing financial instability with widening operating losses, and cybersecurity threats could compromise user data and platform integrity. This makes DJT stock a speculative investment dependent on political sentiment and crypto market conditions. While Bitcoin's recent strength near all-time highs could provide short-term momentum, Trump Media's extreme valuation relative to fundamentals makes this a high-risk buy. On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Globe and Mail
2 days ago
- Business
- Globe and Mail
Trump Media (DJT) Moves Closer to Launching Joint Bitcoin/Ethereum ETF
Trump Media & Technology Group (DJT) is closer to launching its planned Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF). Confident Investing Starts Here: The New York Stock Exchange (NYSE) has filed for a rule change that would enable Trump Media to list its 'Truth Social Bitcoin and Ethereum ETF,' a dual-asset cryptocurrency fund, on the big board. If approved, the ETF would hold both Bitcoin and Ethereum in a 3:1 ratio and be managed by which will also serve as the fund's liquidity provider. The New York Stock Exchange filing was made through the U.S. Securities and Exchange Commission (SEC) and marks a procedural step toward public trading but doesn't guarantee the ETF's approval. The filing comes less than a month after Trump Media, the company behind the Truth Social platform, said it would raise $2.4 billion to begin building a Bitcoin treasury. Other Crypto Products Beyond the joint Bitcoin/Ethereum ETF, Trump Media is planning to launch a full suite of politically branded cryptocurrency investment products. These include an 'America First Bitcoin Fund,' the 'America First Blockchain Leaders Fund,' and the 'America First Stablecoin Income Fund.' Only the proposed Bitcoin/Ethereum ETF has been filed with the SEC for approval so far. Bitcoin, the largest cryptocurrency by market capitalization, is currently trading at $107,460. So far in 2025, BTC has gained 20%. Is BTC a Buy? three-month performance. As one can see in the chart below, the price of BTC has risen 20.72% in the last 12 weeks.
Yahoo
2 days ago
- Business
- Yahoo
Trump Media's stock has plunged by nearly half since the election. Now it's taking action
In the weeks before last fall's election, shares of Trump Media & Technology Group spiked as traders bet Donald Trump would return to the White House and make Truth Social the platform for presidential communications. Those wagers proved prophetic – if not lucrative. Voters did return Trump to the White House and Truth Social is now the way the commander-in-chief announces everything from major military strikes to new fronts in the trade war. And yet, many who own shares in the company with the ticker symbol 'DJT' are sitting on sizable losses. Despite Trump's victory, Trump Media shares have lost nearly half their value (48%) since Election Day, badly trailing the S&P 500's 5% gain over that span. If you look at just the time since Trump took office, Trump Media shares are down even more (56%). The struggles of Trump Media reflect the fact that much of this stock's rise was based on hype and momentum, not the underlying health of the business. Even though its share price is deeply in the red this year, Trump Media is still valued at about $5 billion. That's nothing to sneeze at – nearly equaling the value of Macy's and Wendy's combined. And yet Trump Media's fundamentals remain quite modest. The owner of Truth Social generated just $821,000 in revenue during the first three months of 2025. Trump Media lost $32 million in the first quarter. 'By conventional measures, this stock is quite expensive. It's a money-losing company with negligible revenue,' said Steve Sosnick, chief strategist at Interactive Brokers. 'However, this stock has always defied conventional valuation metrics.' In an effort to revive the share price, Trump Media has pushed into cryptocurrencies and promised to buy back vast amounts of its own stock. Its main product, a social media platform catering to conservatives, has yet to take off in the mainstream even though it's the go-to place to try to understand what the most powerful person on the planet is thinking and doing. The good news for Truth Social is that daily active users for its app have more than doubled (+106%) over the past year to 359,000 in May, according to Simlarweb data shared with CNN. The bad news is Truth Social remains tiny. Not only are its daily active users dwarfed by X's (formerly Twitter) 131.9 million, its tally widely trails Threads (112.9 million) and Reddit (66.2 million), according to Similarweb. Even Bluesky, which launched in 2023 as a rival to Twitter, has 10 times the daily active users as Truth Social. Trump Media responded with a statement that accused CNN of 'politically motivated drivel disparaging Trump Media, a company with $3 billion in liquid assets.' But Truth Social still has only a small piece of the social media universe. 'Truth Social's audience has been growing since Trump was inaugurated, but it is still a small player,' said David F. Carr, editor of insights news & research at Similarweb. Carr noted that Truth Social app usage hit a record on Saturday, after Trump used the social media platform to announce the US military strikes on three nuclear sites in Iran. 'But even on that peak day, web traffic and app usage were less than 1% of what X attracted. Bluesky also had millions of more web visitors and app users,' Carr said. Even some Trump Media investors are skeptical about Truth Social. 'I don't see that as a growth area – and I don't think they do either,' said Matthew Tuttle, CEO of Tuttle Capital Management and a shareholder in Trump Media. 'That's why they're going whole hog into crypto.' Indeed, Trump Media is using one of its real strengths – plenty of cash – to go headfirst into crypto. Trump Media recently filed paperwork seeking regulatory approval to launch an exchange traded fund (ETF) that would invest in bitcoin and another cryptocurrency called Ethereum. The move came after Trump Media amassed a $2.5 billion war chest to buy bitcoin, creating what it described as one of the biggest bitcoin treasuries of any public company. However, existing Trump Media shareholders' stakes were watered down because the company sold stock to raise money for that push into buying crypto. The moves have alarmed ethics watchdogs because Trump was elected with strong support from the crypto industry after he reversed his earlier criticism of cryptocurrencies like bitcoin. Trump has kept promises to promote crypto, including by launching a Strategic Bitcoin Reserve and tapping crypto-friendly regulators. After winning election in November, Trump transferred his dominant stake in Trump Media to a revocable trust. Yet Trump is the sole beneficiary of the trust and it is run by one of his sons, Donald Trump Jr. Trump Media Chairman and CEO Devin Nunes has hailed his company's push into crypto and financial technology. 'We aim to continue rapidly transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy,' Nunes said in a statement earlier this month. However, investors remain skeptical. 'Does the Trump name on an ETF get people to buy it? The jury is out,' Tuttle said. 'They're getting into crypto treasury, along with 60 other companies, kind of copying MicroStrategy's playbook.' MicroStrategy pioneered the strategy of scooping up cryptocurrencies and storing them on corporate balance sheets. While GameStop, Trump Media and others are now following suit, Tuttle noted that MicroStrategy is the only one being rewarded by investors right now. In a bid to breathe new lift into Trump Media's share price, the company announced plans this week to buy back up to $400 million of its own shares. 'It seems like a move to keep the stock propped up,' said Interactive's Sosnick. Nunes, the Trump Media CEO, said in a statement this week that the buyback amounts to a 'vote of confidence' in the company, its stock and strategic plans. Nunes added that Trump Media's $3 billion in cash gives it flexibility to take actions to 'support strong shareholder returns.' But it's somewhat surprising to see a company that went public barely a year ago turning to stock buybacks. Then again, much of the Trump Media story since its launch in 2021 has been unusual. 'If the whole bitcoin ETF thing doesn't work and the market doesn't reward crazy multiples for bitcoin treasury, there isn't a lot of there there,' said Tuttle, the shareholder. But Tuttle isn't ready to give up on his bet yet, especially given that Trump's time in the White House still has three-and-a-half years left. 'I would never bet against him,' Tuttle said. 'Every time I think he's done, he comes out stronger than before.' Sign in to access your portfolio
