Trump Transfers Stake in Truth Social Parent Company

Investing.com — Donald Trump has moved 114.75 million shares in the parent company of Truth Social, Trump Media & Technology, to a revocable trust under his control. The stake, valued at over $4 billion based on the closing price of $35.41 on Wednesday, represents more than half of the company's total float.

According to securities filings from Thursday, Trump gifted his stake to the Donald J. Trump Revocable Trust earlier this week without any consideration. Following the transfer, Trump received the stake as the director and beneficial owner of the trust. Another filing listed him as an "indirect" owner of the shares.

The stock of Trump Media & Technology has seen substantial growth this year, more than doubling its value. The surge around the election was perceived by traders as a way to bet on a Trump win.

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