Trump Media Seeks to Reregister $2.2 Billion in Shares Amid Stock Decline

SARASOTA, Fla., April 2, 2025 — Trump Media and Technology Group Corp., the parent company of the social media platform Truth Social, announced Wednesday that it has refiled paperwork with the Securities and Exchange Commission (SEC) to register approximately 114 million shares valued at $2.2 billion held by President Donald Trump.

The company described the move as a “routine” registration process, noting that these shares were originally registered last summer. Despite the announcement, Trump Media emphasized there are currently no plans for an imminent sale of the shares.

The share price for Trump Media has experienced significant volatility, dropping over 40% this year alone, closing at approximately $19 per share on the same day of the announcement. “The stock has been disconnected from our operational performance, but we remain focused on our long-term strategy,” a spokesperson for the company stated.

Following the 2024 presidential election, President Trump transferred his stocks to the Donald J. Trump Revocable Trust, now controlled by his son, Donald Trump Jr. While President Trump remains the largest shareholder with 53% ownership, he has stated he has no immediate intention to divest from the company.

The recent registration also includes shares belonging to other notable shareholders, with an estimated 134 million shares available for potential sale. Among these shareholders is Yorkville Advisors, an investment firm based in New Jersey, which has partnered with Trump Media to develop new retail financial products, including a cryptocurrency exchange-traded fund.

Additionally, U.S. Attorney General Pam Bondi holds 106,000 shares, acquired for consulting services related to the company’s merger with a special purpose acquisition company (SPAC). Bondi is required to divest her stake within 90 days of assuming her current role, which will occur in early May.

This filing occurs within a broader context of growing media companies appealing to conservative audiences, exemplified by the recent public trading debut of Newsmax. This conservative news outlet saw a substantial surge in its stock price, illustrating the favorable market climate for such entities.

Trump Media’s stock price has historically fluctuated around significant political developments, including major announcements from President Trump. In September, when he declared he would retain his shares in the company, the stock surged by 30% in a single day.

In light of the filing, some misinformation has circulated regarding the status of Trump’s stock. A statement issued by Trump Media clarified that the registration was a continuation of previously registered shares, dismissing claims that the transaction facilitated immediate sales by Trump or his affiliates.

The SEC filings regarding Trump Media, which trades under the ticker symbol DJT, indicate there are no current open windows for share sales as of the date of the registration.