Trump Media Shares Rise After Planning Fintech Brand—Trump’s Net Worth Spikes Over $200 Million
Trump Media Shares Rise After Planning Fintech Brand—Trump’s Net Worth Spikes Over $200 Million
$DJT
Trump Media & Technology Group shares jumped over 7.5% Wednesday after the firm announced a foray into finance with “Truth.Fi,” a financial services and fintech brand it says will focus on investments in American manufacturing and energy companies.
The financial services business will be kickstarted with a $250 million investment custodied by Charles Schwab, which will also act in an advisory capacity for Truth.Fi’s investments and strategy, according to a statement.
The money will be allocated to bonds, stocks, exchange-traded funds (ETFs), bitcoin and other cryptocurrencies, with Trump Media noting the firm’s investment vehicles will be focused on “American growth, manufacturing, and energy companies as well as investments that strengthen the Patriot Economy.”
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