Trump Media gains on $400 million stock repurchase plans

ReutersJun 23, 2025 12:47 PM

Shares of U.S. President Donald Trump's social media firm Trump Media and Technology DJT.O gain 2.4% to $18.26 premarket

Co approves share repurchase plan of up to $400 mln of common stock

Repurchase to be funded separately, would not alter previously announced bitcoin Treasury Strategy

DJT had announced on May 27 that it was raising about $2.5 bln for creation of bitcoin treasury through agreements with institutional investors

Stock had lost over 10% on May 27

As of last close, stock has shed nearly 48% YTD

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