Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Trump Media Moves Into Bitcoin and Digital Asset Investments

Trump Media Moves Into Bitcoin and Digital Asset Investments

CryptodnesCryptodnes2025/01/30 12:22
By:Cryptodnes

Trump Media & Technology Group (TMTG) is expanding into financial services with the launch of Truth.Fi, a division focused on digital assets and investment strategies.

The company plans to allocate up to $250 million across Bitcoin , ETFs, and separately managed accounts (SMAs) as it broadens its presence beyond media.

To oversee these investments, Charles Schwab will manage custody and advisory services, while an affiliate of Yorkville Advisors will act as the registered investment adviser. The firm’s portfolio will focus on industries aligned with American manufacturing, energy, and what TMTG calls the ‘Patriot Economy.’

Beyond TMTG’s expansion, blockchain data reveals that World Liberty Finance, a decentralized finance project linked to Trump, recently acquired 1.2 million MOVE tokens for $940,000 in USDC. MOVE, the native token of the Movement blockchain, has gained attention following reports of a potential connection to Elon Musk’s Department of Government Efficiency.

READ MORE:
Poland Expands Bitcoin ATM Network, Becoming a Major Crypto Hub

Additionally, reports indicate Trump holds nearly $200 million in Ethereum (ETH), positioning him as one of the most high-profile political figures with substantial crypto exposure.

TMTG’s move into cryptocurrency and decentralized finance has fueled speculation about its influence on the broader market. The timing of the MOVE token purchase has raised questions among traders, though no official statements have been made regarding its significance.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

North Carolina US passes Bitcoin Reserve bill

Portalcripto2025/05/03 08:00

US Treasury Moves to Block Huione Group Over Alleged Ties to North Korean Crypto Laundering

The U.S. Treasury Department is targeting the Cambodia-based Huione Group over allegations of laundering billions in illicit cryptocurrency, including funds connected to North Korea’s Lazarus Group. They propose cutting the firm off from the American financial system.

DeFi Planet2025/05/03 07:33
US Treasury Moves to Block Huione Group Over Alleged Ties to North Korean Crypto Laundering

UK Releases Draft Crypto Regulation Order, Excludes DeFi from Scope

The UK government has released a draft version of its much-anticipated legislation to bring cryptoasset activities under financial regulation, taking another step toward formal sector oversight. The proposal, which amends the Financial Services and Markets Act 2000 (Regulated Activities) Order (RAO), is now open for technical review.

DeFi Planet2025/05/03 07:33
UK Releases Draft Crypto Regulation Order, Excludes DeFi from Scope