In brief
- Trump Media plans to distribute new crypto tokens to shareholders.
- It set a cutoff date of Feb. 2 for investors.
- The company has said the tokens won’t represent a stock, and will be non-transferrable.
Trump Media and Technology Group plans to airdrop or distribute tokens to shareholders, and on Tuesday set a cutoff date for investors in the Truth Social operator.
The company linked to U.S. President Donald Trump will treat Feb. 2 as the record date for an initiative involving “new digital tokens” for investors, according to a press release. The company added that “various rewards” will be made available for them in the future.
The Sarasota, Florida-based firm previously disclosed that the tokens will not represent…
