Trump Media and Technology Group (TMTG) has announced a $400 million share buyback program, despite a 46% drop in its stock price this year. Approved by the SEC, the buyback will target common stock and warrants, with shares to be retired at management's discretion. CEO Devin Nunes emphasized the company's $3 billion cash reserve, ensuring the buyback does not impact its $2.3 billion Bitcoin investment strategy. TMTG's financial strategy includes a $2.3 billion private placement offering completed in May 2025, dedicated to Bitcoin investments. Additionally, the company filed for a Bitcoin and Ethereum ETF on June 16, 2025. This dual approach highlights TMTG's financial flexibility, allowing it to manage both the buyback and its cryptocurrency strategy simultaneously, despite ongoing political scrutiny.