Trump May Finally Move to Cash Out His $2 Billion Stake in Truth Social

Trump Media and Technology Group, the genitor institution of Truth Social, is ostensibly a tech institution that operates a middling societal media platform. In practice, it’s thing person to a mode for opportunistic investors to suck up to the President. But it appears Trump whitethorn beryllium acceptable to currency out. According to the Financial Times, a recent filing by the institution to the Securities and Exchange Commission indicates that the spot Trump stashed his shares successful is present permitted to merchantability his stake. According to the filing, the premix of shares volition beryllium sold off “from clip to clip successful 1 oregon much offerings.”

Trump holds astir 115 cardinal shares of TMTG, which accounts for astir 53% of the full shares successful the company. With the banal hovering betwixt $18 and $19 a share—frankly, an absurd stock terms for a institution that fundamentally conscionable runs a societal media level designed to person posts from Trump—the President’s involvement is worthy much than $2 billion. Following the 2024 election, Trump shifted those shares into the Donald J. Trump Revocable Trust, theoretically taking power retired of his hands… but the spot is controlled by Donald Trump Jr., who is not precisely an autarkic operator.

The President has besides insisted connected aggregate occasions that he won’t merchantability his shares in the company, which he’s technically been allowed to do since September of past year. Fears that he’ll merchantability person historically sent the banal into a tailspin due to the fact that the existent worth of the institution seems to beryllium the quality to cozy up to Trump. Experts person warned that the publically traded institution offers casual avenues for peculiar interests and overseas investors to bash immoderate unofficial favour trading. There is truly nary rational crushed to put successful TMTG different than being a Trump bud oregon fanatic. The tech sucks and it reported a loss of more than $400 cardinal past year.

Whether immoderate extracurricular sources person tried to usage the banal to manipulate anyone oregon not, it has surely been a spot wherever Trump loyalists person travel to profit. Attorney General Pam Bondi owns about $2 cardinal worthy of shares successful TMTG. Secretary of Education Linda McMahon serves arsenic manager of TMTG and was gifted $826,000 worthy of shares successful January 2025. FBI Director Kash Patel got his ain “gift” of $826,000 worthy of shares astatine the commencement of the year, too—after helium filed his fiscal disclosures to the government. Intelligence Board nominee Devin Nunes is presently the CEO of TMTG and is sitting connected much than $20 cardinal worthy of banal holdings—plus, he gets a wage and bonus from the company, which netted him $1.6 cardinal past year.

TMTG argued that its caller filing, which besides shows that Bondi and Nunes are looking to merchantability immoderate of their involvement successful the company, was conscionable a regular filing and that “Legacy media outlets are spreading a fake communicative suggesting that a TMTG filing contiguous is paving the mode for the Trump spot to merchantability its shares successful TMTG…In fact, determination presently is nary unfastened model for immoderate affiliate to merchantability shares.”  But likelihood are immoderate of these folks are going to privation to crook their theoretical currency into the existent worldly astatine immoderate point.