DJT stock rises as Trump Media pitches shareholder crypto token, expands Truth Social ETF push

Trump Media & Technology Group’s DJT shares rose 5.3% in Wednesday’s session to close at $13.24 after the company announced plans to distribute a new digital token to shareholders. The stock traded between $12.82 and $13.80 and was down about 0.3% after hours.

Trump Media & Technology Group Corp. shares last traded on Wednesday up 5.4% at $13.24 on volume of about 25 million shares after the company said it plans to distribute a new digital token — a crypto asset recorded on a blockchain, or shared digital ledger — to shareholders through a partnership with Crypto.com. The company said each “ultimate beneficial owner” would be eligible to receive one token per whole DJT share, with rewards that may include discounts tied to Truth Social and Truth+ products, and that the token may not be transferable or exchanged for cash. CEO and Chairman Devin Nunes said the company aims to “implement this first-of-its kind token distribution” and “reward Trump Media shareholders.” SEC

Trump Media & Technology Group Corp shares ended Wednesday up 5.3% at $13.24, a 67-cent gain from Tuesday’s close, after the company said it plans to distribute a new digital token to shareholders. U.S. stock markets are shut on Thursday for the New Year’s Day holiday. Nasdaq

Trump Media & Technology Group shares rose on Wednesday after the company said it plans to distribute a new digital token to shareholders in partnership with Crypto.com. GlobeNewswire