TRUMPS’ STOCK BONUS BOOST UP
In a recent turn of events, former President Donald Trump has experienced a significant increase in his Wealth, soaring by a remarkable $1.8 billion, all thanks to his brainchild, the Trump Media & Technology Group. This remarkable Surge in fortune is mainly credited to the success of the company’s flagship asset, owned by Trump TRUTH SOCIAL – the Social Media platform.
An Earnout Bonus: Conferred Upon Trump by the Trump TRUTH SOCIAL – Media And Tech Group
Trump’s financial windfall stems from an additional 36 million Shares bestowed upon him as an “earnout” bonus by Trump Media & Technology Group.
To get the $1.8 billion bonus, the stock price had to stay above $17.50 per share for 20 out of 30 trading days.
Impressive Holdings: Trump’s Dominance Now In the Trump TRUTH SOCIAL Group Co.
With this latest bonus, Trump’s control over Trump Media has expanded, now encompassing a total of 114.75 million shares, trading under the ticker DJT, mirroring his initials. Based on the current market valuation, his entire stake in the company stands at an impressive $5.7 billion.
Stock Market Resurgence: Trump Media’s Rally
Even though Trump Media had a rough start after going public in late March, it managed to bounce back with an increase in its stock value. After initially reaching a peak of $79.38 per share, followed by a period of decline, the Stock has recently rallied, marking a 43% surge since last Monday. On Tuesday alone, shares rose by $3.24, reaching $49.93.
Awaiting Access: Lockup Period in Effect
Unfortunately, Trump and other executives can’t access their newfound wealth just yet. They’re under a lockup period, which means they can’t sell their shares for another five months. This rule is common for new companies to prevent insiders from selling shares too soon and causing the stock prices to drop.
Supporter Optimism: Anticipating Market Influence
Trump’s supporters on TRUTH SOCIAL were thrilled about his increased stake in Trump Media. They saw it as a savvy move to counter efforts to short-sell the Stock.
As one supporter exclaimed, “Prezz and Co. just played them like a fiddle“, expressing the widespread optimism among Trump’s base about his latest financial achievement.
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