Trump Media & Technology Group (TMTG) is expanding its business model beyond Truth Social to include a cryptocurrency payment platform called TruthFi, as indicated by a trademark filing.
The trademark application outlines plans for a downloadable digital wallet app, which will allow users to store and trade cryptocurrencies, alongside payment processing capabilities.
Despite generating only $2.6 million in revenue against $363 million in losses through Q3 2024, TMTG is leveraging its $372 million cash reserve to potentially fund new ventures.
Recent reports suggest TMTG is exploring the acquisition of Bakkt, a struggling digital currency platform, aiming to bolster its new cryptocurrency operations.
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