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Donald Trump’s Trump Media and Technology group plans to extend its cryptographic ambitions by introducing a utility token and a digital portfolio.
In a letter of April 29 to shareholders, CEO Devin Nunes said that the company explored a Truth social digital portfolio where the token could be used for TRUTH + subscriptions and other products in the truth ecosystem. The token would also support a reward program planned through the company’s services.
Trump Media’s crypto PUSH also includes the development of financial products on the theme “America First” such as ETF (Stock Exchange Fund) and the accounts managed separately (SMAS), with the Guard provided by Charles Schwab.
The company declared in January that it would invest up to $ 250 million in its cash reserves in Bitcoin and other digital assets
The shareholders’ letter comes after Trump Media suggested the launch of his own cryptographic payments in November of last year, when he filed a brand request to the US Patent and Trademark Office.
In the file, the company has described computer software designed to function as a digital portfolio, activate the trading of digital assets, as well as the crypto processing on truth.fi.
🚨New: In a letter to the shareholders, CEO of Trump Media @Devinnunes announced that the platform is considering the launch of a usefulness token for subscription payments and other possible future uses in “the ecosphere of truth”. pic.twitter.com/sq2a6tdbdi
– Eleanor Terrett (@elean branch) April 29, 2025
Trump Media shares bouncing
Since it became a public on March 26 of last year, Trump Media has seen his drop drop down. Year at an appointment, company stocks are down more than 26%, Google Finance data shows.
During the last month, however, the share price increased by more than 27%.
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