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Trump Media Launches Truth.Fi, Investing $250M in Bitcoin and Crypto via Charles Schwab
Trump Media and Technology Group (TMTG), the operator of the Truth Social platform, has announced its expansion into the financial services sector with the launch of a new fintech brand called Truth.Fi. The company plans to diversify its cash reserves, which exceed $700 million, by investing up to $250 million in a variety of assets. These investments will be custodied by Charles Schwab and allocated to separately managed accounts (SMAs), customized exchange-traded funds (ETFs), and cryptocurrencies including Bitcoin. The move aims to create investment vehicles focused on American patriots, protecting them from issues such as cancellation, censorship, debanking, and privacy violations committed by Big Tech and woke corporations. TMTG's stock, listed as $DJT, surged over 15% in pre-market trading following the announcement.
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TMTG stock ($DJT) increases over 30% by end of Q1 2025?
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Stock market data from financial platforms like Bloomberg or Yahoo Finance