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$DJT stock increases by 50% or more by end of Q2 2025?
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Trump Media Launches Truth.Fi With $250M Investment in Bitcoin, Cryptocurrencies Via Charles Schwab
Jan 29, 2025, 02:26 PM
Trump Media and Technology Group (TMTG), the operator of Truth Social and Truth+, has announced its expansion into financial services with the launch of a new fintech brand called Truth.Fi. The company's board, led by CEO and Chairman Devin Nunes, has approved an investment of up to $250 million, to be managed by Charles Schwab, into various financial instruments including separately managed accounts, customized exchange-traded funds (ETFs), Bitcoin, and other cryptocurrencies. This move aims to diversify TMTG's cash reserves, which exceed $700 million. The launch of Truth.Fi is part of TMTG's strategy to create 'American First' investment vehicles focused on American patriots, protecting them from issues such as cancellation, censorship, and privacy violations committed by Big Tech and woke corporations. Following the announcement, TMTG's stock, listed as $DJT, surged, reflecting investor enthusiasm for the new venture.
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