Attention crypto enthusiasts! Former US President, Donald Trump is making waves in the cryptocurrency industry once again. His media group, Trump Media & Technology Group (TMGT) is all set to invest a whopping $250 million into the crypto space through their fintech brand, Truth.Fi. Get ready for some major market shakes!
The truth is out there, and it’s in crypto! 🚀 Truth.Fi, the latest venture from Trump Media, is set to dive headfirst into the world of digital investments. With a hefty $250 million to spend, these guys are making waves in the crypto market. Prepare for some major TRUTH bombs to drop!
Trump’s foray into crypto 🌐
Truth.Fi is set to invest big time in Bitcoin, other cryptocurrencies, and crypto-related securities. But that’s not all – the company will also invest in ETFs, potentially broadening their reach beyond just the crypto sphere.
With a mighty reserve of over $700 million, TMGT has plans to allocate a significant chunk of it to Truth.Fi – $250 million to be exact. Brace yourselves for an exciting ride as the market reacts to the Trump effect once again!
“Truth.Fi is a logical extension of our Truth Social mission. We started with creating a free-speech platform, and now we’re venturing into investment products and DeFi. Developing American-first investment solutions is a step closer to our ultimate goal of building a robust ecosystem,” said Devin Nunes, CEO and Chairman of Trump Media & Technology Group.
Having filed a trademark for Truth.Fi in November 2024, just after Trump’s election victory, rumors started circulating about the potential crypto payment and custody services offered by the brand. While the current focus will be solely on investments, the crypto world is abuzz with excitement.
Apart from Truth.Fi, Donald Trump’s connections are expanding his reach to numerous areas of crypto. From his TRUMP meme coin causing market tremors to the investment activities of World Liberty Financial (WLFI), it’s safe to say the crypto world will never be the same again.
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2025-01-29 18:20