DJT Stock Soars. Trump Media Moving Into Financial Services, Including Bitcoin. -- Barrons.com

Dow Jones

01-29

By Emily Dattilo

Trump Media & Technology Group announced Wednesday that its board approved a financial services and financial technology strategy, which will include the launch of a brand called Truth.Fi.

Shares of the company, which is majority owned by President Donald Trump and trades under ticker symbol "DJT," gained 17% to $35.09 in premarket trading.

"To diversify the company's cash and cash-equivalent reserves of over $700 million as of December 31, 2024, the board has approved the investment of up to $250 million to be custodied by Charles Schwab," Trump Media said in a press release.

The funds may be allocated to traditional investment vehicles, customized separately managed accounts, customized exchange-traded funds, Bitcoin and similar cryptocurrencies.

Write to Emily Dattilo at emily.dattilo@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 29, 2025 09:02 ET (14:02 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 09:02 ET (14:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DJT Stock Soars. 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Trump Media Moving Into Financial Services, Including Bitcoin. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-29 22:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Emily Dattilo \n</p>\n<p>\n  Trump Media &amp; Technology Group announced Wednesday that its board approved a financial services and financial technology strategy, which will include the launch of a brand called Truth.Fi. \n</p>\n<p>\n     Shares of the company, which is majority owned by President Donald Trump and trades under ticker symbol \"DJT,\" gained 17% to $35.09 in premarket trading. \n</p>\n<p>\n     \"To diversify the company's cash and cash-equivalent reserves of over $700 million as of December 31, 2024, the board has approved the investment of up to $250 million to be custodied by Charles Schwab,\" Trump Media said in a press release. \n</p>\n<p>\n     The funds may be allocated to traditional investment vehicles, customized separately managed accounts, customized exchange-traded funds, Bitcoin and similar cryptocurrencies. \n</p>\n<p>\n     Write to Emily Dattilo at emily.dattilo@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 09:02 ET (14:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4601","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507363697","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507363697","pubTimestamp":1738159320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Trump Media & Technology Group announced Wednesday that its board approved a financial services and financial technology strategy, which will include the launch of a brand called Truth.Fi.Shares of the company, which is majority owned by President Donald Trump and trades under ticker symbol \"DJT,\" gained 17% to $35.09 in premarket trading.\"To diversify the company's cash and cash-equivalent reserves of over $700 million as of December 31, 2024, the board has approved the investment of up to $250 million to be custodied by Charles Schwab,\" Trump Media said in a press release.The funds may be allocated to traditional investment vehicles, customized separately managed accounts, customized exchange-traded funds, Bitcoin and similar cryptocurrencies.This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BK4601":"加密货币现货ETF","09439":"嘉实比特币-U","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","09008":"博时比特币-U","DJT":"特朗普媒体科技集团","BK1611":"加密货币现货ETF","03439":"嘉实比特币","BK4594":"比特币ETF概念","BK4588":"碎股","09042":"华夏比特币-U","BK4077":"互动媒体与服务","BK4516":"特朗普概念","03042":"华夏比特币","03008":"博时比特币"},"translate_title":"DJT股价飙升。Trump Media进军金融服务业，包括比特币。——Barrons.com","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03008":1,"03042":1,"03439":1,"09008":1,"09042":1,"09439":1,"DJT":1},"content_text":"By Emily Dattilo \n\n\n  Trump Media & Technology Group announced Wednesday that its board approved a financial services and financial technology strategy, which will include the launch of a brand called Truth.Fi. \n\n\n     Shares of the company, which is majority owned by President Donald Trump and trades under ticker symbol \"DJT,\" gained 17% to $35.09 in premarket trading. \n\n\n     \"To diversify the company's cash and cash-equivalent reserves of over $700 million as of December 31, 2024, the board has approved the investment of up to $250 million to be custodied by Charles Schwab,\" Trump Media said in a press release. \n\n\n     The funds may be allocated to traditional investment vehicles, customized separately managed accounts, customized exchange-traded funds, Bitcoin and similar cryptocurrencies. \n\n\n     Write to Emily Dattilo at emily.dattilo@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. 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