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Bullish
Trump Media's Fintech Leap: $250 Million Crypto Investment Move 🔥
Donald Trump's media company, Trump Media and Technology Group (TMTG), has made a $250 million investment in the fintech sector. With their new brand, Truth.Fi, TMTG plans to invest in Bitcoin, other cryptocurrencies, exchange-traded funds (ETFs), and separately managed accounts (SMAs). These investments will be custodied by Charles Schwab, aiming to diversify the company's cash reserves, which exceed $700 million. Following Trump's re-election as president, this move supports both the cryptocurrency market and what they call the "Patriot Economy," focusing on American growth and manufacturing investments. Truth.Fi services are expected to roll out in 2025, pending regulatory approvals and funding decisions. After this announcement, TMTG's shares surged more than 15% in premarket trading.
#TrumpCryptoOrder
Donald Trump's media company, Trump Media and Technology Group (TMTG), has made a $250 million investment in the fintech sector. With their new brand, Truth.Fi, TMTG plans to invest in Bitcoin, other cryptocurrencies, exchange-traded funds (ETFs), and separately managed accounts (SMAs). These investments will be custodied by Charles Schwab, aiming to diversify the company's cash reserves, which exceed $700 million. Following Trump's re-election as president, this move supports both the cryptocurrency market and what they call the "Patriot Economy," focusing on American growth and manufacturing investments. Truth.Fi services are expected to roll out in 2025, pending regulatory approvals and funding decisions. After this announcement, TMTG's shares surged more than 15% in premarket trading.
#TrumpCryptoOrder
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