financetom
Business
financetom
/
Business
/
DJT Stock Drops After Trump Media Announces $2.5B Bitcoin Treasury Plan: What's Going On?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
DJT Stock Drops After Trump Media Announces $2.5B Bitcoin Treasury Plan: What's Going On?
May 28, 2025 12:08 PM

Shares of Trump Media & Technology Group Corp ( DJT ) , parent company of Truth Social, have been under pressure following the company's announcement on Tuesday of a bold pivot into cryptocurrency. DJT stock plunged over 15% since the market opened Tuesday and is down an additional 2.3% on Wednesday, despite no new headlines.

What To Know: On Tuesday, Trump Media ( DJT ) revealed it will raise $2.5 billion through a private placement involving approximately $1.5 billion in common stock and $1 billion in zero-coupon convertible notes.

The funds are earmarked to establish a Bitcoin treasury, which CEO Devin Nunes described as a strategic asset to protect the company from perceived financial discrimination and to support future crypto-based offerings across its platforms, including Truth Social and the upcoming Truth+.

Read Also: Wall Street Stalls As Treasury Yields Climb Again Ahead Of Nvidia Earnings, Fed Minutes: What’s Driving Markets Wednesday?

The announcement sparked sharp reactions. Economist Peter Schiff accused the company of "front-running the Strategic Bitcoin Reserve," suggesting potential conflicts of interest given Donald Trump's political ambitions and family involvement in crypto.

Despite the backlash, Trump Jr. reinforced the family’s long-term bullish stance on Bitcoin during the Bitcoin 2025 conference in Las Vegas. He described the move as "seriously long crypto" and dismissed rumors of broader crypto diversification, clarifying the funds will go exclusively to Bitcoin.

Investor sentiment, however, remains cautious, with the stock now down over 33% year-to-date amid skepticism over the company’s revenue model and high-risk strategy.

Read Also: Nvidia Bullish Ahead Of Q1 Earnings, But Will H20 Chip Woes Dampen The Party?

How To Buy DJT Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Trump Media & Tech Group’s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

Image: Shutterstock

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tony G Co-Investment Holdings Completes Name Change to HYLQ Strategy Corp
Tony G Co-Investment Holdings Completes Name Change to HYLQ Strategy Corp
Jun 19, 2025
02:00 PM EDT, 06/19/2025 (MT Newswires) -- HYLQ Strategy (HYLQ.CN) on Thursday said it filed articles of amendment to change its corporate name, effective June 19, from Tony G Co-Investment Holdings Ltd. to HYLQ Strategy Corp. The company also said its trading symbol on the Canadian Securities Exchange has been changed to HYLQ, and that it expects its issued and...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
EU probes Musk's xAI buyout of X, Bloomberg News reports
EU probes Musk's xAI buyout of X, Bloomberg News reports
Jun 19, 2025
(Reuters) -Elon Musk's $33  billion xAI acquisition of X has drawn fresh scrutiny from the European Union, as regulators evaluate potential fines under the Digital Services Act, Bloomberg News reported on Thursday. The European Commission recently circulated fresh questions to X, probing the social media platform's corporate structure following its acquisition by xAI, the report said citing people familiar with...
Hurricane Erick weakens over Mexico, leaving trail of damage in its wake
Hurricane Erick weakens over Mexico, leaving trail of damage in its wake
Jun 19, 2025
* Hurricane Erick weakens to Category 1 as it moves inland over Mexico's Pacific coast * Residents of the state of Oaxaca take to the beaches to clean up piled-up boats and debris * The storm is expected to bring life-threatening floods, mudslides (Recasts with damage, comments from fisherman and hurricane downgrade) By Aida Pelaez-Fernandez and Jose Cortes MEXICO CITY/PUERTO...
Copyright 2023-2026 - www.financetom.com All Rights Reserved