Official announcements from TruthFi or regulatory filings

Trump Media Launches TruthFi with Charles Schwab, Plans $250 Million Investment in Bitcoin and Crypto

Jan 29, 2025, 01:35 PM

Trump Media & Technology Group (TMTG) announced today the launch of TruthFi, a new financial services and fintech brand that will enter the field of decentralized finance. The company plans to invest $250 million—part of its over $700 million in cash reserves—into separately managed accounts (SMAs), exchange-traded funds (ETFs), Bitcoin, cryptocurrencies, and crypto-related securities. The SMAs will be developed in partnership with Charles Schwab Corp. (SCHW), whose stock rose 1.5% in pre-market trading following the news. TMTG's stock ($DJT) surged over 15% in pre-market trading after the announcement.