Stock Track | Trump Media Soars 14.61% in Pre-Market on Expansion into Fintech, Financial Services

Stock Track

2025/01/29

Trump Media & Technology Group Corp's stock surged 14.61% in pre-market trading on Wednesday, following the company's announcement of its expansion into financial services and the launch of a new fintech brand called Truth.fi.

The company revealed plans to invest up to $250 million, to be custodied by Charles Schwab, into various financial products and services. These include customized SMAs, customized ETFs, Bitcoin and other cryptocurrencies, as well as crypto-related securities. Trump Media expects to roll out these Truth.fi offerings throughout 2025.

The substantial investment into the fintech space has fueled investor optimism, driving the significant pre-market rally in Trump Media's shares on Wednesday.

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