Trump Media moves closer to novel shareholder token airdrop

Simply Wall St estimates 41% of Trump Media shares are held by individual insiders, 32% by the general public and 23% by institutions.

US President Donald Trump’s media company has advanced plans for its “first-of-its-kind” shareholder token airdrop, setting Feb. 2 as the record date used to determine eligibility.

The record date, or “snapshot” date, means that anyone with at least one share in Trump Media and is a “beneficial owner” or “registered holder” as of Feb. 2 is eligible for the non-tradable digital rewards token, the company announced on Tuesday. 

Following the record date, Trump Media will use crypto exchange Crypto.com to mint the tokens, display them on the blockchain, and custody them until they are distributed to shareholders, the company said. 

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