Trump Media Launches Truth.Fi to Invest in Crypto and FinTech
US President Donald Trump’s media company has taken an important step on Wednesday. The company started Truth.Fi, a fintech that may invest in Bitcoin and other cryptocurrencies as well as encrypted securities related to securities brand.
Trump Media and Technology Group CORP is the truth of social and video streaming platform Truth+today that the company’s board of directors has approved a financial service and financial technology strategy, including the start of the truth of financial services and financial technology brands.
“As of December 31, 2024, the board of directors has approved the company’s cash and cash equivalent reserves of more than $ 700 million, and the board of directors has approved an investment of up to 250 million US dollars.” Press release Famous.
The company also said that investment capital will invest in traditional investment instruments, respectively, holding accounts (SMA), additional funds (ETFs), “Bitcoin and similar cryptocurrencies or encrypted securities”. Trump has more than 50 % of the Trump Media and Technology Group, which operates the truth about social media platforms.
