Trump Media shares surge after announcing expansion into financial services including crypto and ETFs
- Trump Media & Technology Group shares rose over 7% after announcing plans to expand into financial services, including investments in cryptocurrencies and exchange-traded funds .
- The company will launch a new fintech brand, Truth.fi, with up to $250 million allocated to various investment vehicles, as stated by TMTG CEO Devin Nunes.
- Trump Media's financial strategy includes using $250 million from its $700 million cash reserves for investments in growth sectors and crypto assets.
- President Trump's executive order established a presidential working group on digital asset markets, focusing on a national digital assets stockpile while prohibiting central bank digital currencies .
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Coverage Details
Total News Sources0
Leaning Left10Leaning Right9Center26Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 22%
C 58%
R 20%
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