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Aditya Raghunath

Trump Media Just Announced a $400 Million Buyback. Should You Buy DJT Stock Here?

DJT Trump Media Bitcoin Devin Nunes Donald Trump Truth Social TruthFi

Trump Media and Technology Group (DJT) surged in early trading on Monday, June 23 following the announcement of a $400 million share repurchase authorization, though shares closed roughly flat. The operator of Truth Social, Truth+, and Truth.Fi said the buyback demonstrates board confidence in the company’s strategic direction while leveraging its $3 billion balance sheet. 

CEO Devin Nunes emphasized the program supports shareholder returns as management explores additional strategic opportunities. The repurchases, funded separately from Trump Media’s Bitcoin (BTCUSD) treasury strategy, will include stocks and warrants through open market transactions with retired shares. 

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