Latest news with #Truth.FiU.S.EnergyIndependenceETF
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
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)
Yahoo
08-02-2025
- Business
- Yahoo
Trump Media Files to Trademark New ETF, SMA Suite
Trump Media & Technology Group Corp. (DJT) applied for trademarks for three exchange-traded funds and three separately managed account products under its new brand. The filing comes just days after the company announced plans to venture into the ETF space. The move represents TMTG's first concrete step into the investment product space and positions the company to compete in the growing market for politically focused funds, marking what Bloomberg Senior ETF Analyst Eric Balchunas called "the first-ever POTUS ETF issuer. What a country." Read More: Trump's Media Group Eyes ETFs With Politically Focused Venture TMTG's planned product lineup includes the Made in America ETF and SMA, U.S. Energy Independence ETF and SMA, and Bitcoin Plus ETF and SMA, according to the company's filing with the Securities and Exchange Commission. Charles Schwab Corp. (SCHW), the fifth-largest U.S. ETF issuer, will custody up to $250 million in investments for the new products, according to the filing. This comes on top of TMTG's cash and cash-equivalent reserves of over $700 million as of year's end. "We aim to give investors a means to invest in American energy, manufacturing, and other firms that provide a competitive alternative to the woke funds and debanking problems that you find throughout the market," TMTG CEO and former congressman Devin Nunes said in the announcement. However, Balchunas cautioned that despite Trump's high-profile brand, these funds "will likely be microscopic in asset gathering compared to IBIT, FBTC et al." He added that the launch still "adds to the mainstreamification narrative, which matters." Existing politically conservative ETFs have had mixed results in gathering assets. Bill Flaig, co-founder and CEO of American Conservative Values ETF (ACVF), told that while there's demand for these products, success largely depends on marketing reach. "I think most of the startups in the space … have had success gathering assets to the extent that we are getting the message out there," Flaig said. "For the smaller startup ones, it's essentially a function of successful marketing." These marketing challenges come on top of product construction complexities. The funds 'are going to have to find a durable trend and get in at a reasonable price, and then also make sure that you're expressing that theme accurately," said Bryan Armour, director of passive strategies research at Morningstar. "You need all three of those things to work, and it's obviously an uphill battle for most investors." DJT shares rose nearly 5.6% in afternoon trading following the | © Copyright 2025 All rights reserved Sign in to access your portfolio
USA Today
07-02-2025
- Business
- USA Today
Trump Media files to trademark investment products targeting bitcoin, US industries
Trump Media files to trademark investment products targeting bitcoin, US industries Show Caption Hide Caption Trump tells crypto team to draft new rules, explore US stockpile "Hello bitcoiners!" He courted cryptocurrency fans during his election campaign. "If crypto is going to define the future, I want to be mined, minted and made in the USA, and it's going to be.' Now Donald Trump is taking steps to deliver on his promise to be a 'crypto president." Trump Media and Technology Group DJT.O said on Thursday 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. Trump Media and Technology Group (TMTG) is yet to file for all six products with the U.S. Securities and Exchange Commission. TMTG is also looking to launch three separately managed accounts (SMAs) focused on these assets, in partnership with financial services firm Charles Schwab SCHW.N. In case you missed it: Trump Media launches FinTech services brand amid crypto boom SMAs are investment portfolios managed by professional asset managers for individual investors or institutions. U.S. President Donald Trump is the majority owner of TMTG, which runs the social media platform Truth Social. Last week, TMTG said its board approved the launch of a financial services and fintech brand, The new products are part of the strategy and include investments of up to $250 million, which will be custodied by Charles Schwab. Reporting by Manya Saini in Bengaluru; Editing by Shounak Dasgupta
