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Miami Herald
23-06-2025
- Business
- Miami Herald
Trump Media OKs $400 million stock repurchase
June 23 (UPI) -- The parent company behind the Truth Social social media platform announced Monday it will buy back millions of dollars' worth of its own stock. The Trump Media and Technology Group Corp., or DJT, of which President Donald Trump indirectly owns more than 114 million shares via a revocable trust and is the largest shareholder, stated in a press release that its board of directors has approved the repurchase of up to $400 million of the company's common stock. "The board took a vote of confidence in our company, our stock and our strategic plans," said Trump Media's CEO and Chairman Devin Nunes. "Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities." DJT is the operator of Truth Social, the streaming platform Truth+ and the FinTech brand The buybacks, comprised of either stocks or warrants, would be achieved through open-market transactions, with repurchased shares to then be retired by the company. According to the release, the "timing and amount of the repurchases would be at Trump Media's discretion, in compliance with relevant Securities and Exchange Commission rules and regulations." The share repurchases would be funded separately from Trump Media's previously announced Bitcoin treasury strategy, which featured a private placement offering of approximately $2.3 billion and won't be changed by the buyback. The announcement also notes that DJT might also consider repurchasing its outstanding convertible notes in either open-market or privately negotiated transactions and will maintain its discretion in regard of any related prices, terms and factors which would apply to such repurchases. The move follows Trump Media's $2.5 billion raise last month from institutional investors, which it says would be used to buy bitcoin with custody provided by Anchorage Digital and Copyright 2025 UPI News Corporation. All Rights Reserved.
UPI
23-06-2025
- Business
- UPI
Trump Media OKs $400 million stock repurchase
President Donald Trump (pictured at the White House this past week) indirectly owns more than 114 million shares via a revocable trust and is the largest shareholder of DJT, the owner of Trump's social-media platform Truth Social. Pool Photo by Ron Sachs/UPI | License Photo June 23 (UPI) -- The parent company behind the Truth Social social media platform announced Monday it will buy back millions of dollars' worth of its own stock. The Trump Media and Technology Group Corp., or DJT, of which President Donald Trump indirectly owns more than 114 million shares via a revocable trust and is the largest shareholder, stated in a press release that its board of directors has approved the repurchase of up to $400 million of the company's common stock. "The board took a vote of confidence in our company, our stock and our strategic plans," said Trump Media's CEO and Chairman Devin Nunes. "Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities." DJT is the operator of Truth Social, the streaming platform Truth+ and the FinTech brand The buybacks, comprised of either stocks or warrants, would be achieved through open-market transactions, with repurchased shares to then be retired by the company. According to the release, the "timing and amount of the repurchases would be at Trump Media's discretion, in compliance with relevant Securities and Exchange Commission rules and regulations." The share repurchases would be funded separately from Trump Media's previously announced Bitcoin treasury strategy, which featured a private placement offering of approximately $2.3 billion and won't be changed by the buyback. The announcement also notes that DJT might also consider repurchasing its outstanding convertible notes in either open-market or privately negotiated transactions and will maintain its discretion in regard of any related prices, terms and factors which would apply to such repurchases. The move follows Trump Media's $2.5 billion raise last month from institutional investors, which it says would be used to buy bitcoin with custody provided by Anchorage Digital and
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Arabian Post
16-06-2025
- Business
- Arabian Post
Trump-Linked Truth Social Submits Bitcoin & Ethereum ETF Filing
Issuing its first formal financial move beyond social media, Truth Social's parent, Trump Media & Technology Group, has filed an S‑1 registration statement with the U.S. Securities and Exchange Commission to launch a Bitcoin and Ethereum exchange‑traded fund under the Truth Social brand. The application outlines plans to list the fund on NYSE Arca, although ticker symbols and fee structures have yet to be disclosed. NYSE Arca initiated the process on 3 June 2025 by submitting a Form 19b‑4 on behalf of TMTG and partner Yorkville America Digital, seeking approval to list the dual‑crypto ETF. The S‑1 filing followed on 5 June and provides deeper insights into structure and risk disclosures. The filings initiate the standard dual‑review process; the SEC has a 45‑day window for initial decision and up to 240 days for final approval. The prospectus confirms that the fund will hold spot Bitcoin and Ethereum—the first dual‑crypto vehicle under the Truth Social banner. Physical custody of assets will be handled by Foris DAX Trust Company, affiliated with which will also serve as execution agent and liquidity provider. Yorkville America Digital, a Florida‑based asset manager that emphasises 'Made‑in‑America' digital‑asset products, is named as the sponsor. ADVERTISEMENT Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, noted the risk disclosures reference President Trump's crypto‑favourable posture—highlighting regulatory shifts, the SEC's newly launched crypto task force, and a strategic U.S. Bitcoin reserve executive order—marking the first time an ETF filing openly tied a sitting president's actions to fund risk. The launch is part of a broader the strategic pivot by Truth Social into financial services. Earlier this year, Trump Media announced a $2.5 billion Bitcoin treasury initiative and submitted trademark applications under its brand for various crypto‑focused products. The move aligns with similar industry trends—11 spot Bitcoin ETFs have been approved since January 2024 by providers including BlackRock, Fidelity and Grayscale—a venue drawing billions in investor capital. Yet the dual‑crypto ETF enters a saturated market, and analysts caution that without distinctive value, it may not draw substantial flows despite its political branding. Market watchers observe that assets under management in competing spot Bitcoin ETFs are heavily concentrated—with BlackRock's IBIT holding approximately $69 billion, followed by Fidelity's fund at around $21 billion. The filings also highlight potential conflicts of interest. Yorkville America has financial ties with TMTG, including advising on and investing in both the firm's stock and private placement used to bolster the Bitcoin treasury. The application explicitly acknowledges these links may pose risks to investors. Timing is politically significant, with the SEC's current leadership under Paul Atkins perceived as taking a more crypto‑friendly stance. SEC deregulation efforts under President Trump's administration also form part of the context. Should the ETF be approved, it will enable investors to gain regulated exposure to Bitcoin and Ethereum—devoid of managing digital wallets or crypto‑exchange accounts—via traditional brokerage channels. The fund is poised to calculate daily net asset values, with intraday quotations updated every 15 seconds and comprehensive transparency on holdings, premiums and discounts. However, regulatory clarity remains pending. Absent from the filings are critical operational details, including ticker symbols, expense ratios and seed capital levels. Until the S‑1 becomes effective, the ETF cannot be marketed to investors. This marks a strategic landmark in Truth Social's quest to diversify beyond digital media. Its expansion into crypto finance brings together political influence, regulatory momentum and mainstream investor demand, potentially reshaping its corporate identity. At stake is the fund's ability to carve a credible and competitive space among established crypto‑ETF leaders.
Yahoo
06-06-2025
- Business
- Yahoo
Trump Media Files Bitcoin Treasury Registration
Trump Media & Technology Group Corp. (DJT) filed a registration statement with the Securities and Exchange Commission for its $2.5 billion Bitcoin treasury strategy, according to a company announcement. The move represents what Trump Media calls one of the largest corporate Bitcoin allocations by a public company and signals the company's expansion beyond social media into financial services, according to the press release. Corporate Bitcoin strategies have gained traction following similar moves by companies like Strategy Inc. (MSTR), which holds over $41.6 billion in Bitcoin as of May 25, the company said. The registration statement will provide Trump Media with "the capital, assets, independence, flexibility, and security we need to fulfill our goals of rapid expansion, guaranteeing a wide array of ways to access the capital markets when it's most advantageous to do so," according to the Friday press release. The company entered subscription agreements for $1.5 billion in common stock and $1 billion in convertible notes, according to the filing. Trump Media shares were up about 4.7% Friday morning but remain down 38% year to date. The proceeds will be used for the company's creation of a Bitcoin treasury and for general corporate purposes, according to the press release. Read More: Trump Media Raises $2.5B for Bitcoin Treasury Strategy The registration statement seeks to register for resale by selling security holders up to 84.6 million shares of common stock, according to the filing. The shares represent approximately 52.8% of Trump Media's public float and approximately 30.6% of outstanding shares as of June 4, according to the filing. The filing also allows for a primary offering of up to $12 billion in various securities, including common stock, preferred stock, debt securities, warrants, rights and units, according to the registration statement. This universal shelf registration provides Trump Media flexibility to access capital markets when conditions are favorable. CEO Devin Nunes said the activities will help the company "acquire crown jewel assets, and draw more customers and users into the patriot economy," according to the press release. The company operates Truth Social, the Truth+ streaming platform and is launching the financial services brand, according to the press release. The broader strategy includes trademark filings for three ETFs combining digital assets with "Made in America" securities, according to previous filings. The Made in America ETF, the U.S. Energy Independence ETF and the Bitcoin Plus ETF will target multiple sectors. The company plans to invest up to $250 million of its own reserves into these products through Charles Schwab as custodian, according to previous | © Copyright 2025 All rights reserved
Yahoo
05-06-2025
- Business
- Yahoo
Trump Media files for Bitcoin ETF with SEC as company continues to entrench itself in the crypto world
The Trump Media & Technology Group (TMTG) filed an S-1 with the Securities and Exchange Commission for a Bitcoin ETF. The ETF will be managed under TMTG's fintech brand, with the help of its existing financial partner Yorkville Advisors and The Trump Media & Technology Group continues its headfirst foray into the crypto world. On Thursday, TMTG, the parent company of Truth Social, announced it had begun the process of registering a Bitcoin ETF with the Securities and Exchange Commission. The ETF will operate under TMTG's fintech arm, Its official name will be the Truth Social Bitcoin ETF. What started as a small social media company with its flagship Truth Social product is quickly becoming a digital juggernaut with diverse businesses that also include a streaming product and a burgeoning fintech platform. Since the start of the year, TMTG has been formalizing its efforts to become a player in online finance and crypto. The latter in particular has attracted new and profound interest from President Donald Trump, who was TMTG's largest shareholder. (Before retaking office, Trump placed his TMTG shares in a trust controlled by his son Donald Trump Jr., who is on the company's board). Once a crypto skeptic, Trump has changed his tune, becoming a believer in digital currencies. new Bitcoin ETF will be launched in conjunction with two of TMTG's existing financial partners: Yorkville Advisors and according to an S-1 filing submitted to the SEC. Yorkville Advisors, a small financial firm that has been engaged in several financial transactions with TMTG since last July, will sponsor the ETF. Meanwhile, will serve as the custodian for the assets in the ETF, meaning it will safeguard them in a designated account. TMTG, Yorkville, and did not respond to Fortune's requests for comment. The new Bitcoin ETF will trade on the NYSE Arca, an exchange based in Chicago that was created in 2006 from a merger between the NYSE and Arca. The ETF launch is not TMTG's first Bitcoin-related move. Last month, announced it had raised $2.5 billion toward its own Bitcoin reserve. Funding came from roughly 50 institutional investors, according to TMTG. The transaction would place Bitcoin directly on the publicly traded TMTG's balance sheet. TMTG already had a strong balance sheet with roughly $759 million in cash and cash equivalents. TMTG CEO Devin Nunes called Bitcoin an 'apex instrument of financial freedom.' He framed the move as part of TMTG's effort to build a diversified portfolio of digital assets, which already included its various business segments like streaming and social media. 'It's a big step forward in the company's plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,' Nunes said in a statement announcing TMTG's Bitcoin treasury. The idea of strategic cryptocurrency reserves is also gaining traction in the public sector thanks to Trump. In March, the president signed an executive order to create both a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile that would be owned by the Treasury Department. This story was originally featured on
