Latest news with #DJT
Yahoo
2 days ago
- Business
- Yahoo
Trump Media stock price: DJT shares shrug off Bitcoin and Ethereum ETF news, down significantly in 2025
Despite crypto being all the rage (again) in 2025, the announcement yesterday that President Trump's Trump Media & Technology Group Corp. (Nasdaq: DJT) is seeking approval from the Securities and Exchange Commission (SEC) to launch a crypto-based ETF has so far done little to turn around the fortunes of DJT stock, which is currently down over 45% since the beginning of the year. Pentagon Pizza Index: The theory that surging pizza orders signal global crises 5 signals that make you instantly more trustworthy at work How Field Notes went from side project to cult notebook Here's what you need to know about the Trump Media crypto ETF and the company's latest stock price movement. Yesterday, Trump Media & Technology Group, owner of President Trump's Truth Social social media network, announced its intention to launch an exchange-traded fund (ETF) comprising two assets: Bitcoin and Ethereum. Those two cryptocurrencies are the most popular in the world, so it's no surprise that Trump Media would focus on combining them into a single ETF. The fund would allow people to invest in two cryptocurrencies at once by purchasing a single share of the ETF. Announcing that it has filed its Form S-1 registration statement with the SEC, declaring its intentions to launch the ETF, Trump Media said that the ETF, officially called the 'Truth Social Bitcoin and Ethereum ETF, B.T.,' will hold Bitcoin and Ethereum directly. Bitcoin will make up 75% of the ETF's assets, with Ethereum accounting for 25% of the ETF's assets. The ETF announcement represents a further expansion of Trump Media's business portfolio, which currently includes the Truth Social social media network, the Truth+ streaming platform, and the FinTech brand Yet if executives at Trump Media were hoping for a stock price boost from the news, they'll be disappointed today. As of the time of this writing, DJT shares are currently up around 1.69% to $18.98. The stock actually sank yesterday when the news was announced. Yesterday, on the same day that Trump Media filed its SEC paperwork for the crypto ETF, Trump Media shares closed at $18.67. However, today's modest price rise suggests that investors so far don't seem to think that the potential ETF offering will significantly impact the company's financials. One reason for this could be that cryptocurrency ETFs are becoming an increasingly crowded market. As noted by Reuters, Morningstar ETF analyst Bryan Armour said that any company newly entering the crowded crypto ETF market will face challenges. 'The only way to stand out will be through fees or brand,' Armour said. However, another reason could be that many investors still view Truth Social's stock as a 'belief stock'—a proxy for Donald Trump's popularity, rather than a company with strong fundamentals behind it. Whatever the reason, the ETF news so far hasn't turned Trump Media's fortunes around when it comes to the company's share price. As of this writing, DJT's share price has fallen over 11% in the last five trading days alone. Over the past month, DJT shares are down more than 27%. And since the beginning of the year, DJT shares have cratered more than 45%. On May 9, Trump Media reported its most recent quarterly results, which cover the company's Q1 of fiscal 2025, which ended on March 31. The company reported a net loss of $31.7 million for the quarter. In other Trump business news, yesterday, the Trump Organization, a separate entity from Trump Media, announced its plans to launch a new cellular network called Trump Mobile and also a new smartphone called the T1 Phone. The move largely baffled industry experts. Disclosure: Morningstar was founded by Joe Mansueto, owner of Fast Company's parent company. This post originally appeared at to get the Fast Company newsletter:
Globe and Mail
2 days ago
- Business
- Globe and Mail
A Truth Social Bitcoin ETF Could Be Coming This Year. Here's What That Might Mean for Trump Media Stock.
One way companies can try and drum up interest in their businesses is by getting involved with cryptocurrencies, especially given how hot Bitcoin (CRYPTO: BTC) has been this year. Holding Bitcoin or simply being bullish on the digital asset can attract growth investors who think alike. Trump Media and Technology Group (NASDAQ: DJT) is a great example of a company that looks to be trying to benefit from crypto's growing popularity. This month it made multiple announcements related to launching exchange-traded funds (ETFs) that will invest in popular digital currencies. And that's on top of earlier plans to stockpile Bitcoin. What does this all mean for investors, and can this make Trump Media a more attractive buy, as it potentially benefits from Bitcoin's rising value? Or will it simply add more risk and volatility? The Truth Social Bitcoin ETF could be coming soon On June 5, Trump Media announced a filing with the Securities and Exchange Commission (SEC) to launch an ETF that will hold Bitcoin. Called the Truth Social Bitcoin ETF, it is currently pending approval, with the expectation that it will launch sometime this year. And on Monday, it announced plans for a new fund which will invest in both Bitcoin and Ethereum. It will be called the Truth Social Bitcoin & Ethereum ETF. This comes after the company announced just last month its intent to raise $2.4 billion as part of a plan to become one of the largest corporate holders of Bitcoin. Holding Bitcoin and crypto as a whole appears to be part of a broader long-term strategy for Trump Media, potentially both as a way to grow and diversify its operations and also to attract a wider range of investors. What this could mean for Trump Media The launch of multiple crypto-focused ETFs could generate a lot of interest in Trump Media stock, possibly making it more of a compelling option for crypto investors. However, with multiple crypto ETFs to choose from, it's questionable how much interest the funds may attract from investors, and a lot will depend on how competitive the fees are. Unfortunately, this isn't likely going to result in a huge improvement in the company's financials. High fees would be necessary to generate strong margins, and that would likely end up dissuading investors in the process. The biggest problem for Trump Media is that while it has been expanding into different areas, including streaming and financial services, this remains a highly unprofitable, cash-burning business. In the trailing 12 months, Trump Media incurred losses totaling $105 million on revenue of just $3.7 million. This crypto strategy could make Trump Media stock a more volatile and speculative investment overall. It has the potential to rise along with the general bullishness surrounding Bitcoin and the crypto markets as a whole, but based on its own fundamentals, it's not likely going to attract many growth investors. Should you invest in Trump Media stock? Trump Media is clearly trying to get deeper into crypto, and it may be little wonder why, given how well Bitcoin has performed this year, reaching record levels. But simply having crypto ETFs and stockpiling Bitcoin doesn't mean that will lead to sustainable, long-term returns for investors. Unless the company's financials show that there is a strong underlying business here to invest in, investors should tread very carefully with this stock, as it comes with high risk. This isn't a stock that's going to be suitable for the vast majority of investors as its poor financials suggest frequent stock offerings could be inevitable, and a heavy exposure to crypto may add to its volatility in the long run. Should you invest $1,000 in Trump Media & Technology Group right now? Before you buy stock in Trump Media & Technology Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Trump Media & Technology Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,821!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $886,880!* Now, it's worth noting Stock Advisor 's total average return is791% — a market-crushing outperformance compared to174%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Yahoo
2 days ago
- Business
- Yahoo
Trump Media Wants to List a Bitcoin ETF. Should You Buy DJT Stock Now?
Cryptocurrency stocks have been gaining serious traction ever since regulators opened the door to spot Bitcoin (BTCUSD) exchange-traded funds (ETF). Major players like BlackRock (BLK) and Fidelity have already made waves in this space, but now, a surprising new entrant is making headlines. Trump Media & Technology Group (DJT), best known for its social media platform Truth Social, is pivoting toward digital finance with a newly proposed Bitcoin and Ethereum (ETHUSD) ETF. Officially titled the Truth Social Bitcoin and Ethereum ETF, the fund plans to allocate 75% of its assets to Bitcoin and 25% to Ethereum, with tapped as custodian and execution agent. With Yorkville America Digital as the sponsor, Trump Media is positioning itself as a bold new player in the booming crypto ETF space. Trump Is Giving Tesla's Robotaxis a Leg Up Ahead of June 22. Should You Buy TSLA Stock Now? Dear Nvidia Stock Fans, Mark Your Calendars for July 16 The Trump Family Is Betting Big on Mobile Phones. Should Apple Stock Investors Be Worried? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For investors intrigued by DJT's leap into fintech and crypto, this move could either mark a savvy expansion into a red-hot market or a risky detour from its media roots. Here's what you need to know before betting on DJT stock. Trump Media & Technology Group is best known as the operator of Truth Social, a social media platform launched by President Donald Trump in 2021, along with a nascent video streaming service, Truth+, and a newly announced fintech brand, The company's stated mission is to provide an 'America First' online ecosystem free from perceived Big Tech censorship, monetizing via subscriptions, advertising, and financial services. Valued at around $5 billion by market cap, DJT has been one of the worst-performing stocks in 2025, with shares down more than 45% year to date. Moreover, the valuation is at sky-high levels. The company's trailing price-sales ratio stands at roughly 1,190x versus a sector median of 1.22x, implying an extraordinary premium over its peers. On May 27, Trump Media & Technology Group announced a $2.5 billion private placement aimed at building a Bitcoin treasury. The private placement includes about $1.5 billion of new common stock issued at market price and $1 billion of zero-coupon convertible notes convertible at a 35% premium. All proceeds will be used to build a Bitcoin treasury. After the raise, CEO Devin Nunes declared that Trump Media will hold cryptocurrency as a core asset, calling Bitcoin an 'apex instrument of financial freedom.' Trump Media & Technology Group currently operates a limited core business, with the majority of its revenue derived from digital advertising on its social media platform. While the company is in the process of diversifying its offerings, launching subscription-based services such as Truth+ and exploring fintech products including ETFs and cryptocurrency initiatives, these efforts remain in the early stages and have yet to generate meaningful revenue. For the first quarter of 2025, DJT reported revenue of approximately $8.8 million. The company remains unprofitable, posting a net loss of $31.7 million in the quarter. Despite the weak top-line performance, DJT reported a strong liquidity position, ending Q1 with approximately $759 million in cash, cash equivalents, and short-term investments. Operating cash outflows were relatively modest at $9.7 million, primarily related to legal expenses and SPAC-related costs. To date, nearly all of the company's funding has come from its SPAC merger and related stock issuances, rather than from its operating activities. As its core services have not yet produced material cash flow, DJT is expected to rely heavily on its existing cash reserves and potential future financing to support growth initiatives, including potential acquisitions and expansion into financial product markets. Trump Media's 2025 strategy pivoting heavily into crypto via an ETF filing and a massive Bitcoin treasury represents a bold, high-risk direction. The company has virtually no cash-generating core business, so management is effectively betting its future on the cryptocurrency market and on the willingness of investors to continuously fund it. Such a plan may appeal to speculative, crypto-friendly stakeholders, and it aligns with Trump's political brand. However, from a traditional business and financial standpoint, it is speculative. The reliance on fresh capital to finance crypto purchases (instead of internal cash flow) adds dilution and leverage risk. The volatility and regulatory uncertainties around Bitcoin and Ethereum pose significant downsides. Investors should view Trump Media's crypto gambit as a high-stakes experiment. On the date of publication, Nauman Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fast Company
3 days ago
- Business
- Fast Company
Trump Media stock price: DJT shares shrug off Bitcoin and Ethereum ETF news, down significantly in 2025
Despite crypto being all the rage (again) in 2025, the announcement yesterday that President Trump's Trump Media & Technology Group Corp. (Nasdaq: DJT) is seeking approval from the Securities and Exchange Commission (SEC) to launch a crypto-based ETF has so far done little to turn around the fortunes of DJT stock, which is currently down over 45% since the beginning of the year. Here's what you need to know about the Trump Media crypto ETF and the company's latest stock price movement. What does Trump Media want to launch? Yesterday, Trump Media & Technology Group, owner of President Trump's Truth Social social media network, announced its intention to launch an exchange-traded fund (ETF) comprising two assets: Bitcoin and Ethereum. Those two cryptocurrencies are the most popular in the world, so it's no surprise that Trump Media would focus on combining them into a single ETF. The fund would allow people to invest in two cryptocurrencies at once by purchasing a single share of the ETF. Announcing that it has filed its Form S-1 registration statement with the SEC, declaring its intentions to launch the ETF, Trump Media said that the ETF, officially called the 'Truth Social Bitcoin and Ethereum ETF, B.T.,' will hold Bitcoin and Ethereum directly. Bitcoin will make up 75% of the ETF's assets, with Ethereum accounting for 25% of the ETF's assets. The ETF announcement represents a further expansion of Trump Media's business portfolio, which currently includes the Truth Social social media network, the Truth+ streaming platform, and the FinTech brand Yet if executives at Trump Media were hoping for a stock price boost from the news, they'll be disappointed today. As of the time of this writing, DJT shares are currently up around 1.69% to $18.98. The stock actually sank yesterday when the news was announced. Investors shrug off the crypto news Yesterday, on the same day that Trump Media filed its SEC paperwork for the crypto ETF, Trump Media shares closed at $18.67. However, today's modest price rise suggests that investors so far don't seem to think that the potential ETF offering will significantly impact the company's financials. One reason for this could be that cryptocurrency ETFs are becoming an increasingly crowded market. As noted by Reuters, Morningstar ETF analyst Bryan Armour said that any company newly entering the crowded crypto ETF market will face challenges. 'The only way to stand out will be through fees or brand,' Armour said. However, another reason could be that many investors still view Truth Social's stock as a 'belief stock'—a proxy for Donald Trump's popularity, rather than a company with strong fundamentals behind it. Whatever the reason, the ETF news so far hasn't turned Trump Media's fortunes around when it comes to the company's share price. As of this writing, DJT's share price has fallen over 11% in the last five trading days alone. Over the past month, DJT shares are down more than 27%. And since the beginning of the year, DJT shares have cratered more than 45%. What do Trump Media's financials look like? On May 9, Trump Media reported its most recent quarterly results, which cover the company's Q1 of fiscal 2025, which ended on March 31. The company reported a net loss of $31.7 million for the quarter.
Yahoo
4 days ago
- Business
- Yahoo
Trump Media ETF to Hold Both Bitcoin and Ether, Company Says
An exchange-traded fund planned by Trump Media & Technology Group (DJT) will combine Bitcoin and Ether in a single tradable asset, the company said Monday. The Truth Social parent company, founded by President Donald Trump, earlier today said it intended to launch an ETF that would directly hold both Ether and Bitcoin, with a quarter of its assets in the former and the rest in the latter. The launch is planned for "later this year," the company said. The company earlier this month said it planned to offer a Bitcoin-only ETF, and in late May said it was raising money to acquire Bitcoin. Trump Media earlier this year announced plans to offer crypto products. in March said it would partner with the company to offer the ETFs. Shares of Trump Media & Technology Group lost about 4% Monday to close just under $19, bringing their pullback to more than 40% in 2025. Bitcoin was recently trading a bit below $109,000, while Ether was changing hands above $2,600. Read the original article on Investopedia
