Trump Media's stock surged over 10% following the announcement of its new financial services venture, Truth.Fi. This initiative will offer products like Bitcoin and ETFs, managed by Charles Schwab, with an initial investment of $250 million. CEO Devin Nunes stated that this expansion aligns with their mission of providing an ecosystem for 'American patriots' to protect themselves from censorship and other threats posed by Big Tech. Truth.Fi is set to launch in 2025, building on the foundation of Truth Social and Truth+ platforms.
Truth.Fi is a natural expansion of the Truth Social movement, incorporating investment products and decentralized finance into our growing ecosystem for American patriots.
Developing American First investment vehicles is another step toward our goal of creating a robust ecosystem to protect against cancellation, censorship, and debanking.
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