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Donald Trump's media company plans to enter financial services with a $250M investment in ETFs and crypto, boosting its stock.
Trump Media & Technology Group (TMTG) plans to expand into financial services with a new brand, Truth.Fi, investing up to $250 million in ETFs, cryptocurrencies, and other financial instruments managed by Charles Schwab.
The move aims to support American growth sectors like manufacturing and energy.
The company's shares surged after the announcement, reflecting investor optimism despite recent financial struggles.
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La empresa de medios de Donald Trump planea ingresar servicios financieros con una inversión de 250 millones de dólares en ETFs y criptogramas, aumentando sus acciones.