Trump Media Stock Gains as Truth Social Parent Plans $400M Stock Buyback

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Trump Media Stock Gains as Truth Social Parent Plans $400M Stock Buyback.

companies :: 2025-06-23 :: source - investopedia

By Andrew Kessel

Shares of Trump Media & Technology Group have lost nearly half of their value in 2025. Credit: Beata Zawrzel / NurPhoto via Getty Images

Trump Media & Technology Group (DJT) shares rose Monday as the company authorized a $400 million stock buyback program.

The Truth Social parent, founded by President Donald Trump, traded close to 3% higher in recent trading. Still, the stock has lost almost half of its value in 2025 so far.

The share repurchases will be funded separately from the company’s Bitcoin buying efforts, Trump Media said. In May, the company raised more than $2.3 billion in a private placement in order to "create a Bitcoin treasury.”

READ: Why Wedbush Says Tesla's Market Cap Could Be on Road to $2T After This Weekend

Last week, Trump Media said it plans to launch an ETF that would directly hold both Ether and Bitcoin, with a quarter of its assets in the former and the rest in the latter. The launch is planned for "later this year," the company said.