announcement<\/a> from Trump Media & Technology Group (DJT), the company has officially set Feb. 2, 2026, as the record date for its first-of-its-kind digital token initiative.\u00a0<\/p>\nThis date will be used to determine eligibility for the airdrop; specifically, any individual who owns at least one whole share of Trump Media stock and is classified as a beneficial owner or registered holder as of that date will be eligible to receive the non-transferable crypto token.<\/p>\n
Trump Media has partnered with its strategic ally Crypto.com, and the exchange will be responsible for minting and custodying the token on the blockchain.<\/p>\n
<\/p>\n
The company first unveiled plans for the digital tokens on Dec. 31, touting it as a non-tradeable shareholder reward token that does not represent ownership in the company or any financial stake. Instead, it will function as a utility token that grants holders access to periodic benefits and discounts tied to Trump Media products such as Truth Social, Truth+, and Truth Predict.<\/p>\n
At the time, the company said the distribution would occur at a 1:1 ratio, one token per DJT share. However, it has not reiterated this detail in its latest update, only stating that details regarding the process for the planned allocation \u201cwill be forthcoming.\u201d<\/p>\n
\u201cWe look forward to leveraging Crypto.com\u2019s 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,\u201d Trump Media CEO and Chairman Devin Nunes was quoted as saying.<\/p>\n
Trump Media shares shot up over 7% on Monday following the announcement, but gave up most of those gains by the close of trading.<\/p>\n
Trump Media turns to blockchain<\/h1>\n
Trump Media is steadily incorporating blockchain technology within the company\u2019s ecosystem, as evident in the wave of blockchain-powered initiatives that have unfolded over the past year.<\/p>\n
In partnership with Crypto.com, the company is involved in a SPAC merger with Yorkville Acquisition Corp. to form a new entity called Trump Media Group CRO Strategy, which aims to accumulate CRO tokens and support the expansion of the Cronos ecosystem.<\/p>\n
Last year, reports also indicated the company was developing a market prediction platform called Truth Predict, along with several cryptocurrency exchange-traded funds as part of its fintech arm, Truth.Fi.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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