Trump Says He's Not Selling Stake in DJT as Stock Soars 25%

• The price of shares in Trump Media increased by over 12% following a statement from majority owner Donald Trump that he has no plans to sell his stake.
• Soon, the Republican presidential nominee will be able to sell his nearly 57% stake in the Nasdaq-listed company that trades as DJT.
• After Trump's comments at his golf club in California, the stock trading was momentarily paused.

On Friday, the stock price of surged by over 25% following a statement from majority owner Donald Trump that he has no plans to sell his stake.

The Republican presidential nominee stated that he has no intention of selling his nearly 57% stake in the company, which will become free to cash in after the lockup agreement expires in less than a week.

After Trump's comments at his golf club in California, trading in the stock was briefly halted on Friday afternoon.

Trump stated that Truth Social, the Twitter-like platform owned by Trump Media, is "excellent for me."

The Securities and Exchange Commission was blamed by him for the monthslong stock slump of Trump Media, which has caused shares to drop by as much as 80% from their intraday peak after the company began trading on the Nasdaq in late March.

On Friday, Trump stated that his stake remains valued at over $1 billion.

"I don't want to sell my shares," he stated.

"I didn't do it for the money. I did it because I really wanted to have a strong voice, and it's a great voice for me," he said. "And as long as my voice is on there, it's going to always be good."

He observed that many individuals believe the decline is due to the perception that he would sell, and if he did, it wouldn't be the same.

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