They will allocate 250 million dollars to BTC, cryptocurrencies, ETF and custom accounts.
Truth.fi will allow “protecting themselves from the threat” by practices of some corporations.
The company of US President Donald Trump, Trump Media and Technology Group (TMTG), announced an investment diversification strategy. This strategy includes the creation of a financial services brand and investment in Bitcoin (BTC) and other cryptocurrencies.
In a release From the company, TMTG, developer of the social network Truth Social, reported that the new brand of financial services and Fintech is called Truth.fi. With this launch, the company Plan diversify your cash reserves and cash equivalentsexceeding 700 million dollars as of December 31, 2024.
The company approved the investment of up to 250 million dollars, which will be guarded by Charles Schwab. These funds, in addition to allocating traditional investment vehicles, can be used for other assets. Among them, the personalized accounts administered separately (SMA), the personalized bag) funds are customized, as well as bitcoin and similar cryptocurrencies, or securities related to cryptocurrencies.
“Truth.fi is a natural expansion of the social truth movement. We begin by creating a social media platform for freedom of expression, we add an ultra -granted TV transmission service and now we are moving towards decentralized investment and finance products, ”said Devin Nunes, CEO and president of TMTG.
Nunes also stressed that the development of investment vehicles is another step towards the objective of creating a solid ecosystem Large technology companies and Woke Corporations ”, a term that refers to companies that adopt policies and practices focused on social justice and inclusiveness.
Trump’s company anticipates that Truth.fi, as well as the mentioned investments, They will take place throughout this year. This will happen “as new agreements are consumed, financing levels are determined and the necessary approvals are ensured by financial regulators,” says the entity.
With this announcement, Trump’s interest in Bitcoin and cryptocurrencies is confirmed again, assets that are now part of the priorities of the new president. Although it is a private company, it feels the clear influence of Trump, who, during his first hours as the 47th President of the United States., He signed the first executive order focused on digital assets, as cryptooticies reported.
This TMTG movement not only diversifies its investment portfolio, but also positions the company in the growing market of decentralized finances, an area that has gained significant attention in recent years. The cryptocurrency investment strategy and the introduction of truth.fi They reflect an answer to the demands of a consumer segment that seek more independent and safe financial alternatives in an increasingly digitized world.
The decision to invest in cryptocurrencies and launch a Fintech platform is an indication of Trump’s vision of Integrate emerging technologies into its business portfoliowhile offering its users and followers financial options that align with their ideology of freedom and autonomy against what they perceive as excessive control of large financial and technological institutions.
