Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading higher on Tuesday as the company outlined plans tied to its digital token initiative.
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The operator of Truth Social and Truth+ set Feb. 2, 2026, as the cut-off date for its recently unveiled digital tokens.
Shareholders must own at least one full DJT share by the record date to qualify for the token rollout.
The company will work with brokers to identify holders but warns that certain ownership designations may slow information sharing.
Trump Media is advising investors to check their broker status to ensure they are listed as non-objecting beneficial owners. The firm also said moving shares to a direct registration system could speed verification of eligible holders.
Blockchain Partnership
Once the record date passes, the company will team with Crypto.com to mint tokens on the blockchain and hold them until distribution.
The firm confirmed it plans to provide periodic incentives tied to the token program for record-date holders.
Those rewards may include perks or discounts connected to Truth Social, Truth+ and the Truth.Fi financial unit.
"We look forward to leveraging Crypto.com’s blockchain technology consistent with Securities and Exchange Commission guidance to benefit our shareholders and promote transparency, including by obtaining a clear picture of bona fide beneficial ownership as of the record date," said Devin Nunes, CEO and chairman of Trump Media.
DJT Price Action: Trump Media shares are trading higher by 4.65% to $14.52 at publication on Tuesday.
Photo by Piotr Swat via Shutterstock
