Trump Media’s $400M Buyback Can’t Shake Its $2.3B Bitcoin Treasury Ambition

Trump Media doubles down on crypto—despite a $400 million stock repurchase plan, its $2.3 billion Bitcoin treasury play stays on track. Because why diversify when you can HODL?

Bitcoin or Bust: The Unshakable Bet

While traditional finance scrambles to justify buybacks as 'shareholder-friendly,' Trump Media’s laser focus on Bitcoin reserves screams either genius conviction or reckless FOMO. The $2.3 billion crypto vault? Still fully funded. The $400 million stock maneuver? Just a sideshow.

Wall Street Rolls Its Eyes

Analysts whisper about opportunity costs and volatility risks. Meanwhile, Trump Media’s balance sheet quietly moon-shots—or crashes. Either way, it’s a spectacle. Because nothing says 'financial strategy' like betting the treasury on an asset that tweets more than the CEO.

Decoding Trump media’s buyback plan

Made on the 23rd of June, the announcement, comes as the U.S. Senate Permanent Subcommittee on Investigations raises concerns that President Donald Trump may be using his political influence to benefit crypto-related ventures.

While Trump Media and Technology Group initially denied plans to invest heavily in cryptocurrency, it later revealed a major shift in strategy. 

The company confirmed it had secured around $2.5 billion in funding specifically intended for acquiring Bitcoin.

According to an official update issued on the 23rd of June, this initiative includes a private placement offering totaling around $2.3 billion.

Remarking on the same, Trump Media’s CEO and Chairman, Devin Nunes, said, 

“The Board took a vote of confidence in our Company, our stock, and our strategic plans. Since Trump Media now has approximately $3 billion on its balance sheet.”

He further added,

“We have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities.”

As expected, this development further fuels discussions about the media conglomerate’s broader ambitions in the crypto space.

The firm’s aggressive crypto strategy

Trump Media and Technology Group (TMTG) is making an aggressive push into cryptocurrency, part of a broader effort to protect itself from what CEO Devin Nunes describes as ‘financial discrimination against conservative businesses.’

The company plans to use recently raised funds to develop Trump-branded crypto products, including exchange-traded funds (ETFs), pending regulatory approval.

Earlier this year, TMTG filed a registration with the U.S. Securities and Exchange Commission (SEC) for a proposed Truth Social Bitcoin and ethereum ETF. The ETF would allocate 75% of its assets to Bitcoin and 25% to Ethereum and be listed on NYSE Arca if approved.

Despite these ambitious plans, TMTG continues to struggle financially, posting a net loss of $400.9 million last year on revenues of just $3.6 million.

Meanwhile, President Trump has called for the creation of a “Strategic bitcoin Reserve” and a broader “Digital Asset Stockpile” through a March executive order. 

This highlightes growing political interest in national crypto reserves. His advisors have also proposed additional strategies to expand this digital stockpile.

When will the Digital Asset Stockpile come to reality?

Despite these ambitious plans, prediction markets like Polymarket currently assign only a 30% probability to the U.S. having a national Bitcoin reserve in 2025.

Meanwhile, Bitcoin’s recent price movement reflected the impact of institutional involvement, with the asset climbing 3.86% in 24 hours, and was trading at $105,284.61, at press time. 

However, this surge came with signs of caution as MACD indicators pointed to a weakening bullish trend.

Source: Trading View

But Santiment data revealed a noticeable rise in volatility.

Source: Santiment

This suggests that while high-profile capital inflows like those from Trump Media may offer temporary support, they also introduce new layers of price turbulence into the market.