Trump Group for Media and Technology, a majority company owned by US President Donald Trump, Declare They will expand financial services via a new brand called Truth.fi.
The media in Trump expands to Fintech with a platform called https://t.co/Pipji5woa
It plans to invest in encryption and traded investment funds, and more – with the date of later later this year$ Djt +11 % rose in the opening bell pic.twitter.com/9xipnocndo
– MorningBrew) – Morningbrew January 29, 2025
Through the brand for Trump Media Specialty of $ 250 million For publication in different investment opportunities, Which includes Bitcoin And other encrypted currencies and securities associated with encryptionCustomed Investment Funds, and custom SMAS.
According to Trump Media, heavyweight financial services Charles Schwab “are widely recommended” the truth. The company will also work with Truth.fi to develop SMAS (separately managed accounts).
The stock market responded positively to the advertisement, as Trump’s arrow jumped from $ 30 to a local peak of $ 33.25 in response to the news.
This step is another confirmation of Trump’s positive position towards encrypted currencies, What could have been said was the main catalyst for Bitcoin exceeding $ 100,000.
However, Trump Media’s advertisement had no immediate impact on the encryption markets, as Bitcoin is currently trading at the same price that was 24 hours ago.
The fact that the media is looking to make investments in the cryptocurrency. It should not be a big surprise, given this Trump’s support also launching the Crypto World Liberty Financial projectHe was actively promoted by his team and family.
According to the data provided by Arkham Intelligence, World Liberty Financial currently owns more than $ 390 million of assets, with the most reservation ($ 194 million). Other prominent holdings include WBTC ($ 65.7 million), STTH ($ 60 million), USDC (35.3 million dollars) and USDT ($ 11.2 million).
Photo source: Arkham intelligence
