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Cryptocurrency News Articles
Trump Media & Technology Group Launches 'Truth.Fi' Fintech Venture, Invests $250M in Bitcoin and Similar Digital Assets
Jan 31, 2025 at 10:02 am
Donald Trump's company "Trump Media & Technology Group" (TMTG) recently announced a groundbreaking development regarding the firm's advancement into decentralized finance.
Donald Trump’s media company is venturing further into cryptocurrency with a new initiative called “Truth.Fi.”
The move comes as part of a broader strategy by Trump Media & Technology Group (TMTG) to diversify its financial portfolio and strengthen its position in the fintech and cryptocurrency markets.
TMTG, which also operates the social media platform Truth Social, announced the new venture on Monday. The company said it will be investing up to $250 million in separately managed accounts (SMAs), exchange-traded funds (ETFs), and Bitcoin and similar digital assets.
The funds will be custodied by major American financial institution Charles Schwab.
“This initiative will allow TMTG to participate directly in the digital asset economy and generate a return on our cash reserves,” TMTG said in a statement.
“The investment will be made in a diversified manner, and the specific allocation will depend on market conditions and regulatory developments.”
Trump-owned firms have been ramping up cryptocurrency investments since mid-2024.
The Trump family first launched WorldLibertyFi, a company focused on decentralized finance (DeFi) and U.S.-pegged stablecoins.
Later, on the weekend before taking office, Trump announced the launch of two memecoins inspired by him and his wife, Melania Trump.
The move to invest $250 million in Bitcoin, ETFs, and SMAs serves as another step towards this broader strategy.
The fact that the person behind this move is the sitting President of the United States adds another layer of complexity and significance to the development.
Arguably, it underscores the growing influence that the cryptosphere may hold over traditional politics.
Also, it’s a brief insight into the future outlook of the market. If before Fintech firms had a hard time operating in the U.S. — Trump’s new SEC and new perspective of the cryptocurrency market may offer a more optimistic scenario for DeFi companies to thrive.
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- The SEC Just Approved the First Bitcoin and Ethereum ETF. Here's What That Means for Crypto
- Jan 31, 2025 at 06:00 pm
- In a groundbreaking move, the U.S. Securities and Exchange Commission (SEC) has granted accelerated approval for NYSE Arca to list and trade shares of the Bitwise Bitcoin and Ethereum ETF.
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- SEC Approves Bitwise's Spot Bitcoin and Ethereum ETF, Expanding Crypto's Reach into Traditional Markets
- Jan 31, 2025 at 06:00 pm
- In a significant move for the cryptocurrency market, the US Securities and Exchange Commission (SEC) has granted initial approval for Bitwise's spot Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Fund (ETF).
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- Bitwise Bitcoin and Ethereum ETF Gets SEC Approval, Marking a Milestone in the Journey of Cryptocurrency ETFs
- Jan 31, 2025 at 06:00 pm
- The U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca's filing to list and trade shares of Bitwise's combined Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF) on an "accelerated basis," marking a major milestone in the journey of cryptocurrency ETFs.
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- The Best Digital Assets to Buy in 2025: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Litecoin (LTC), and Remittix (RTX)
- Jan 31, 2025 at 06:00 pm
- As the cryptocurrency market expands, investors are eager to find the best digital assets to buy in 2025. While Bitcoin (BTC) and Ethereum (ETH) maintain their dominance, Cardano (ADA) and Litecoin (LTC) offer unique advantages in scalability and payments. Meanwhile, a rising contender, Remittix (RTX), is emerging as a revolutionary force in crypto payments with real-world financial applications.
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