Donald Trump, the majority owner of Trump Media shares and the biggest draw on Truth Social, said he is not selling his $1.5 billion DJT stake.
DJT stock had fallen sharply around the time the lockup agreements expired, allowing company insiders including majority owner Donald Trump to start selling their shares.
Since surging to an intraday peak of $79.38 per share in its Nasdaq debut, Trump Media stock has lost more than 84% of its value. Trump currently owns nearly 57% of the company's outstanding shares. While the value of his stake has declined by billions of dollars in recent months, it was still worth nearly $1.5 billion Tuesday morning.
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