As Truth Social business struggles, Trump Media goes big on crypto

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Donald Trump has reinvented himself many times over, going from real estate developer to TV personality to world leader.

Now his social media company, Trump Media & Technology Group, which is the parent of the president’s Truth Social site, is undergoing its own metamorphosis, becoming a major player in the crypto industry.

In just the past few months, Trump Media has raised $2.5 billion in cash to invest in bitcoin and is working to bring crypto-related exchange traded funds, or ETFs, to market.

Trump has no official position at Trump Media and does…



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As Truth Social business struggles, Trump Media goes big on crypto



Donald Trump has reinvented himself many times over, going from real estate developer to TV personality to world leader.

Now his social media company, Trump Media & Technology Group, which is the parent of the president’s Truth Social site, is undergoing its own metamorphosis, becoming a major player in the crypto industry.

In just the past few months, Trump Media has raised $2.5 billion in cash to invest in bitcoin and is working to bring crypto-related exchange traded funds, or ETFs, to market.

Trump has no official position at Trump Media and does…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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