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General Counsel and Secretary of Trump Media & Technology Group (NASDAQ:DJT), Glabe Scott, sold 30,016 shares of common stock on September 11, 2025. The shares were sold at a weighted average price of $16.9791, for a total value of $509,644. The prices for the transactions ranged from $16.8550 to $17.0800. Following the transaction, Glabe Scott directly owns 338,732 restricted stock units. The stock has demonstrated resilience with a 7.46% return over the past six months. InvestingPro subscribers gain access to comprehensive insider trading analysis and real-time alerts for more informed investment decisions.
In other recent news, Trump Media and Technology Group Corp. has been active with several strategic initiatives. The company announced the launch of five America First themed exchange-traded funds (ETFs) in collaboration with Yorkville America Equities. These ETFs are part of the "Truth Social Funds" portfolio. Additionally, Trump Media has entered into an agreement with Yorkville Acquisition Corp. and Crypto.com to form Trump Media Group CRO Strategy, Inc., a digital asset treasury company. This venture will focus on acquiring the Cronos ecosystem’s native cryptocurrency token, CRO, and is expected to involve significant funding, including $1 billion in CRO tokens.
Furthermore, Trump Media has filed a registration statement with the SEC for the Truth Social Bitcoin ETF, with Crypto.com acting as the custodian. This ETF aims to directly hold Bitcoin and mirror its price performance. In another move, the company has filed for a crypto ETF focusing on Bitcoin, Ether, and other cryptocurrencies, under the name Truth Social Crypto Blue Chip ETF. The Board of Directors of Trump Media also approved a stock buyback program of up to $400 million, allowing repurchases of stocks and warrants. These developments reflect Trump Media’s ongoing efforts to expand its financial and technological footprint.
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