Trump Media and Technology Group, the Holding company behind Truth Social and Truth Plus, is preparing to introduce a new utility token as part of a larger growth plan. The CEO Devin Nunes revealed these updates in a letter that marks the company’s first year as a company that quotes in the stock market, highlighting new functionalities, investments and cryptographic integrations.
The utility token will be aggregate to a special real -real wallet and first will be used to pay the truth more subscriptions. Later, it could also be used for other services in the Trump media network, as part of a larger rewards program.
Marking a year of impulse
Marking its first year as a public company, Nunes mentioned the solid financing of the company in the financing position, having $ 777 million in cash with reduced operating costs. He thinks that this gives Trump to the media a clear advantage for progress, especially because he launches new additional features for Truth Plus, such as videos, an editing button and access to news channels with a more traditional point of view and content suitable for all ages.
The increase in large investments in the financial industry
On the other hand, under its brand of financial services truth.fi, Trump Media announces a series of ETF and accounts individually administered with an “America first” approach in collaboration with the group of Actions and Technologies of Index Stocks and Index Technologies of Yorkville. Up to $ 250 million have been assigned to this project.
However, Trump strategies in cryptographic space have generated concerns about possible conflicts of interest. Although he transferred his 59% participation to a trust, he is still connected to several cryptographic businesses, such as World Liberty Financial, where he has the title of “main cryptography defender” and obtains profits from the company, which is mainly owned by the Trump family. Its launch of the Memecoin, Trump officer (Trump), just before his return to office, also faced criticism.
Nunes also raised concerns about market manipulation, pointing out the 6 million short stalls of a coverage fund and informing the SEC. He mentioned that the company is actively looking for mergers and acquisitions to find valuable assets that fit its long -term objectives.
Navigate for stock challenges and the strategy of mergers and acquisitions
Despite the statements, the actions of Trump Media (DJT) fell 3% in the day and has dropped 26% during the year, since the interest of investors seems to be decreasing due to broader market instability. Nunes states that the interference of coverage funds is partly guilty and warned the SEC. He also said that Trump Media is looking for key acquisitions to feed sustainable growth.
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