Donald Trump’s Media Company Launches Truth.Fi – A $250M Crypto Investment Venture

President Donald Trump is making another move into the cryptocurrency space.

His media company, Trump Media & Technology Group (TMTG), has officially launched Truth.Fi, a financial services and fintech venture that will invest up to $250 million in various assets, including Bitcoin (BTC) and other cryptocurrencies.

A Major Step Into Financial Services

According to an official press release, TMTG’s board of directors has approved a financial technology strategy aimed at diversifying the company’s $700 million in cash reserves. The approved strategy will allow Truth.Fi to invest in:

  • Traditional investment vehicles
  • Separately Managed Accounts (SMAs)
  • Exchange-Traded Funds (ETFs)
  • Bitcoin and other cryptocurrencies
  • Crypto-related securities

This move signals an aggressive push into the crypto and fintech sector, aligning with Trump’s pro-crypto stance in recent years.

Trump’s Growing Involvement in Crypto

The launch of Truth.Fi follows Trump’s broader embrace of digital assets. During the 2024 election cycle, he positioned himself as a pro-crypto candidate, and his team has also been involved in the creation of World Liberty Financial, another crypto-related initiative.

In November 2023, TMTG filed a trademark application for financial services, hinting at its ambitions in the fintech and cryptocurrency industry.

Related Posts

REX Shares Launches BMAX, Boosting Bitcoin Exposure – 1st BTC Corporate Treasury Convertible Bond ETF

Key Points REX Shares launches a fund that provides exposure to convertible bonds by companies with BTC in treasuries. BIMAX is the first ETF of this kind, making investments in…

Bitcoin Price Surged Above $83K, Ahead of US Legislation to Codify Trump’s SBR Order

Key Points Bitcoin reclaimed $83,000, following a dip below $80,000 on March 13. Today, US legislation will be introduced to codify Trump’s Executive Order on BTC and crypto. Today, Bitcoin…

Leave a Reply

Your email address will not be published. Required fields are marked *