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More than half of Trump Media’s cash on hand came from selling $450 million worth of shares to a small New Jersey financial firm

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Trump Media and Technology Group raised $450 million by selling company shares at a discount to a small New Jersey financial firm.

Over the course of last year TMTG sold 20.3 million shares at various prices between $14.31 and $36.98 a share.

Despite losing roughly $400 million in 2024 , the company has about $776.8 million in cash, cash equivalents and short-term investments.