Trump Media stock jumps after token partnership with Crypto.com

Shares of Trump Media & Technology Group (DJT) were volatile Wednesday after the company announced plans to distribute a digital token to shareholders through a partnership with Crypto.com.

The stock moved higher early in the session before giving back part of the gains. The announcement outlined a new blockchain-based initiative tied to ownership of the company’s common stock, traded under the DJT ticker.

Trump Media said each ultimate beneficial owner of DJT shares is expected to be eligible to receive one digital token for every whole share owned. The company said the distribution is anticipated to begin in the near future, subject to final details.

According to the company, token holders may receive periodic rewards throughout the year. These may include potential benefits or discounts connected to Trump Media products and services, including Truth Social, Truth+, and Truth Predict.

Trump Media said additional information on the distribution structure and timing is expected to be released in the new year. The company did not provide specific dates or technical requirements for participation.

Chief Executive Officer and Chairman Devin Nunes said the company views the initiative as a new approach to shareholder engagement and transparency. He cited the use of blockchain technology and what he described as improving regulatory clarity.

“We look forward to utilizing Crypto.com’s blockchain technology and improving regulatory clarity to implement this first-of-its-kind token distribution, reward Trump Media shareholders, and promote fair and transparent markets,” Nunes said.

Trump Media said the initiative places the company among public firms that have explored digital tokens as tools for engaging investors. The company described the move as part of its broader efforts involving blockchain technology.

The token distribution adds to investor attention surrounding DJT shares. The stock has remained closely watched and actively traded since Trump Media became publicly listed.

The company said the token-based rewards are directly linked to equity ownership and are separate from traditional stock performance.