Latest news with #Truth.FiBitcoinPlusETF
Yahoo
4 days ago
- Business
- Yahoo
Trump Media Raises $2.5B for Bitcoin Treasury Strategy
Trump Media and Technology Group Corp. (DJT) announced a $2.5 billion fundraise from institutional investors to create one of the largest Bitcoin treasury allocations by a public company, according to a press release. The company entered subscription agreements with approximately 50 institutional investors for $1.5 billion in common stock and $1 billion in convertible notes, according to the filing. DJT shares fell 10% following Tuesday's announcement and dropped another 1.9% as of midday Wednesday. The Bitcoin treasury strategy represents Trump Media's expansion from a social media platform into financial services, positioning the company to capitalize on cryptocurrency adoption while building reserves outside traditional banking systems. The offering is expected to close May 29, according to the company. Trump Media intends to use proceeds entirely for Bitcoin purchases, which will be held alongside $759 million in existing cash and short-term investments as of the first quarter. CEO Devin Nunes called Bitcoin an "apex instrument of financial freedom" in the announcement. The move aims to "defend our Company against harassment and discrimination by financial institutions," according to Nunes. and Anchorage Digital will provide custody services for the Bitcoin holdings, according to the filing. The same partnership recently enabled Trump Media's planned exchange-traded fund launch through its brand. Read More: Trump Media and Team Up for ETF Launch The fundraising follows Trump Media's broader financial services push, including trademark filings for three ETFs under the Made in America ETF, the U.S. Energy Independence ETF and the Bitcoin Plus ETF. Those funds will combine digital assets with "Made in America" securities across multiple sectors. The company plans to invest up to $250 million of its own reserves into these products through Charles Schwab as custodian, according to previous filings. Bitcoin custody will be split between and Anchorage Digital. Trump Media operates the Truth Social and Truth+ streaming platforms alongside its expanding financial brand. The company reported $3.6 million in revenue and a $400 million net loss in 2024, according to CNBC. The Bitcoin allocation joins a growing trend of politically aligned businesses converting corporate treasuries to cryptocurrency. Michael Saylor's Strategy Inc. (MSTR) popularized the strategy, holding over $40.6 billion in Bitcoin as of May 25, according to a company | © Copyright 2025 All rights reserved
Yahoo
27-03-2025
- Business
- Yahoo
Trump Media and Crypto.com partner on ETF offerings
Trump Media & Technology Group announced Monday that it's partnering with to launch exchange-traded funds (ETFs) and other products through its brand. President Donald Trump's media company will offer the ETFs through broker-dealer Foris Capital, which will include digital assets and securities with a "Made in America focus" across a variety of industries, including energy, according to the company. ETF offerings are also expected to include digital assets with a unique basket of cryptocurrencies, including bitcoin. will support the backend technology and custody, while also handling the supply of cryptocurrencies for these ETFs. The companies are planning to launch the ETFs later this year pending regulatory approval, and the funds will be available internationally, including in the U.S., Europe and Asia across existing platforms and brokerages. Trump Media Shares Surge After Company Announces Expansion Into Financial Services "We aim to create inventive funds incorporating firms that concentrate on rapid growth, technological innovation and strengthening the U.S. economy, unencumbered by woke nonsense and political posturing," said TMTG CEO Devin Nunes. "Investors will finally have options that adhere to their principles and that support superior U.S. companies precisely focused on their core businesses." Read On The Fox Business App Kris Marszalek, co-founder and CEO of said the offerings will include a "first-of-its-kind basket of tokens, including CRO," adding they will offer investors more choice in the marketplace. "These ETFs will give consumers more options from a brand with a loyal following. Once launched, these ETFs will be available on the app for our more than 140 million users around the world," he added. Trump Transfers Almost $4 Billion Of His Truth Social Parent Company Shares To A Trust In Surprise Move The ETF launch is expected to occur alongside Trump Media's slate of separately managed accounts (SMAs). Trump Media plans to invest in both the SMAs and ETFs with up to $250 million of its cash reserves, which will be custodied by Charles Schwab. In February, Trump Media applied to trademark six investment products that track bitcoin and the U.S. manufacturing and energy sectors. The trademarks include Bitcoin Plus ETF, Made in America ETF and U.S. Energy Independence ETF. Reuters contributed to this article source: Trump Media and partner on ETF offerings
Zawya
25-03-2025
- Business
- Zawya
Trump Media teams up with Crypto.com to launch ETFs on Truth.Fi
President Donald Trump's media company Trump Media & Technology Group said on Monday it is partnering with to launch exchange-traded funds and products through its brand. Shares of the company, which operates social media platform Truth Social, rose 10.5% after the bell on Monday, but have fallen 38% in the last 12 months. The ETFs, which will be available through broker-dealer Foris Capital, will include digital assets as well as securities with a "Made in America focus" across various industries, according to a statement. The funds are planned to be launched later this year and will be available internationally, including the U.S., Europe and Asia. will provide backend technology, custody and cryptocurrencies such as Bitcoin and Cronos for the ETFs. Trump Media announced the launch of its financial services and FinTech brand in January, amid a crypto boom. Its board had also authorized an investment of up to $250 million through Charles Schwab as it seeks to diversify its cash holdings, which exceeded $700 million at the close of the previous year. Trump Media had said it plans to allocate these funds into various investment options, including ETFs, separately managed accounts and cryptocurrencies. In February, Trump Media said it has applied to trademark six investment products that track bitcoin and the U.S. manufacturing and energy sectors. The trademarks include Bitcoin Plus ETF, Made in America ETF and U.S. Energy Independence ETF. (Reporting by Juby Babu in Mexico City; Editing by Vijay Kishore)
Yahoo
25-03-2025
- Business
- Yahoo
Trump Media teams up with Crypto.com to launch ETFs on Truth.Fi
(Reuters) -President Donald Trump's media company Trump Media & Technology Group said on Monday it is partnering with to launch exchange-traded funds and products through its brand. Shares of the company, which operates social media platform Truth Social, rose 10.5% after the bell on Monday, but have fallen 38% in the last 12 months. The ETFs, which will be available through broker-dealer Foris Capital, will include digital assets as well as securities with a "Made in America focus" across various industries, according to a statement. The funds are planned to be launched later this year and will be available internationally, including the U.S., Europe and Asia. will provide backend technology, custody and cryptocurrencies such as Bitcoin and Cronos for the ETFs. Trump Media announced the launch of its financial services and FinTech brand in January, amid a crypto boom. Its board had also authorized an investment of up to $250 million through Charles Schwab as it seeks to diversify its cash holdings, which exceeded $700 million at the close of the previous year. Trump Media had said it plans to allocate these funds into various investment options, including ETFs, separately managed accounts and cryptocurrencies. In February, Trump Media said it has applied to trademark six investment products that track bitcoin and the U.S. manufacturing and energy sectors. The trademarks include Bitcoin Plus ETF, Made in America ETF and U.S. Energy Independence ETF. Sign in to access your portfolio
Bloomberg
10-02-2025
- Business
- Bloomberg
Trump Media to Trademark ETFs
Trump Media pushes for America first themed ETFs named Made in America ETF, U.S. Energy Independence ETF, Bitcoin Plus ETF. Bloomberg's Eric Balchunas as the story. (Source: Bloomberg)
