- Trump Media sets February 2 for its digital token initiative to DJT shareholders.
- The company partners with Crypto.com to mint and custody the digital tokens pending distribution.
- The tokens will not be transferable or exchangeable for cash, but are likely to shift stance like WLFI.
Trump Media and Technology Group Corp (NASDAQ: DJT) has announced its record date for its digital token initiative. The company, backed by President Donald Trump, has set February 2, 2026, as the record date for the recently announced digital token initiative to its shareholders.
As such, shareholders of DJT, with at least one stock, will be eligible for the upcoming token airdrop.
According to the announcement, Trump Media will collaborate with Crypto.com exchange to facilitate a seamless distribution of its digital token. Crypto.com will assist in the minting and custody of Trump Media’s digital token ahead of the planned airdrop.
However, Trump Media has not yet confirmed the set date for the airdrop. The company will not include borrowers of DJT stock in its upcoming record date ahead of its token distribution. As such, DJT shareholders have been urged to move their shares to a Direct Registration account at the company’s transfer agent, Odyssey Transfer.
“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,” Devin Nunes, Trump Media’s CEO and Chairman, stated.
Key Expected Benefits
The Trump Media has scheduled several benefits for the holders of its digital tokens. The company intends to give token holders rewards such as discounts related to Trump Media products, such as Truth Social, Truth+, and Truth Predict.
However, the company stated that its digital token will not be transferable or exchangeable for cash. As such, DJT shareholders will not receive any ownership of the company, including profit sharing or managerial rights.
Bigger Market Picture
Trump Media has actively invested in the digital assets sector and blockchain technology since President Trump took office last year. The company has acquired over 11,000 Bitcoin (BTC), valued at around $1.35 billion at press time.
The company has held Bitcoin on its balance sheet, thereby increasing its stock’s correlation with BTC over the past year. Notably, the company’s stock market dropped by over 58% in 2025 to trade at about $13.96 at press time,
Bitcoin price, on the other hand, has underperformed the precious metals industry over the past 12 months. However, the company’s conviction in crypto and Bitcoin suggests a potential bull market in the near term.
Related: One-Fifth of Trump Family Wealth Comes from Crypto, Worth $1.4 Billion
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/trump-media-partners-with-crypto-com-to-airdrop-digital-token/
