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 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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