Trump Media Stock Plummets 64.13% in Trading Volume Ranking 200th as Bitcoin Bet Backfires

On May 28, 2025, Trump Media & Technology Group Corp. (DJT) saw a significant decline in trading volume, with a 64.13% decrease from the previous day, totaling $437 million. This placed DJT at the 200th position in terms of trading volume for the day. The stock price of DJT also dropped by 6.77%, marking the second consecutive day of decline, with a total decrease of 16.45% over the past two days.

Trump Media & Technology Group Corp. is primarily involved in social media and streaming services within the United States. The company operates Truth Social, a social media platform that has gained attention for its association with former U.S. President Donald Trump.

Recent developments have included the announcement of a $2.5 billion fundraising effort by Trump Media to invest in Bitcoin. This move involves the issuance of common stock and convertible notes, with the proceeds earmarked for the purchase of Bitcoin. The company aims to place Bitcoin on its balance sheet alongside existing cash reserves.

This strategic shift towards Bitcoin has raised concerns among investors, leading to a decline in DJT's stock price. The dilution of President Donald Trump's stake in the company, held in the name of his son, has also contributed to the market's negative sentiment. The new shares issued as part of the fundraising effort are expected to dilute Trump's ownership, which has further impacted investor confidence.