TMTG Announces $400 Million Share Buyback Amid Bitcoin Reserve Expansion

Trump Media and Technology Group (TMTG) has announced a significant share buyback plan, authorizing the repurchase of up to $400 million worth of its own shares. This move comes as the company reaffirms its commitment to building a substantial Bitcoin (BTC) reserve, with $2.3 billion already earmarked for this purpose. The board of directors approved the buyback plan as a demonstration of confidence in the company’s stock and its future growth strategy.

TMTG CEO and Chairman Devin Nunes emphasized the company's financial strength, stating, “With nearly $3 billion available on our balance sheet, we’re in a position to deliver value to shareholders while pursuing strategic moves like our Bitcoin treasury plan.” The repurchase program will be executed in the open market at the company’s discretion.

In May, TMTG announced that it had secured approximately $2.3 billion specifically to purchase Bitcoin, aligning with President Trump’s broader embrace of cryptocurrency. The company has also submitted filings for two Truth Social-branded crypto ETFs: one focused solely on Bitcoin and another split between Bitcoin and Ethereum (ETH).

President Donald Trump’s expanding crypto ventures have garnered increased attention in Washington, with lawmakers questioning potential risks related to campaign fundraising and conflicts of interest. Financial disclosures revealed that the President earned more than $57 million from his blockchain venture, World Liberty Financial, just days before reports emerged that his family’s stake in the company had been reduced.

Rumors about a Truth Social crypto wallet and token remain unresolved after the company denied near-term plans earlier this year. Meanwhile, Bitcoin has been trading near $101,779, reflecting a nearly 6% decline in the past day.

TMTG’s dual focus on share buybacks and Bitcoin investments underscores its strategic approach to enhancing shareholder value while leveraging the potential of digital assets. The company’s commitment to Bitcoin, coupled with its share repurchase plan, positions it as a forward-thinking entity in the rapidly evolving landscape of digital finance.