Trump Media announced a massive stock buyback program worth $400 million. The company runs Truth Social and wants to buy back its shares from regular investors. Board members approved the plan to purchase up to $400 million worth of company stock. They will buy these shares through normal market trading and destroy them afterward. The buyback could grab about 12.35 million shares based on current prices.
The company barely makes any money despite its huge market value of $4.94 billion. Trump Media reported only $3.6 million in sales for 2024. Real money coming through the door was just $200,000 after removing accounting tricks. The business struggles to find ways to make actual profits from its social media platform.
Trump Media tries to expand beyond Truth Social to boost revenue. The company filed paperwork for new Bitcoin and Ethereum investment funds. These crypto products will hold 75 percent Bitcoin and 25 percent Ethereum. Crypto.com will handle the technical stuff for these investment funds.
The company wants to launch many investment products under its Truth.Fi brand name. Trump Media set aside $250 million to fund these new business ventures. The firm also raised $2.3 billion recently through selling convertible bonds and regular stock shares. This money will help build their Bitcoin treasury holdings.
The company barely makes any money despite its huge market value of $4.94 billion. Trump Media reported only $3.6 million in sales for 2024. Real money coming through the door was just $200,000 after removing accounting tricks. The business struggles to find ways to make actual profits from its social media platform.
Trump Media tries to expand beyond Truth Social to boost revenue. The company filed paperwork for new Bitcoin and Ethereum investment funds. These crypto products will hold 75 percent Bitcoin and 25 percent Ethereum. Crypto.com will handle the technical stuff for these investment funds.
The company wants to launch many investment products under its Truth.Fi brand name. Trump Media set aside $250 million to fund these new business ventures. The firm also raised $2.3 billion recently through selling convertible bonds and regular stock shares. This money will help build their Bitcoin treasury holdings.
