Trump Media & Technology Group (TMTG), founded by former President Donald Trump, experienced a significant surge in its shares on January 29, 2025, after announcing plans to expand into financial services. This expansion will include offerings related to cryptocurrency and exchange-traded funds (ETFs). Trade volume saw an increase of nearly 200% on news that TMTG would be forming new partnerships aimed at bringing financial products to market, including Bitcoin. In a statement, Donald Trump highlighted that this move will allow a broader spectrum of investments for everyday Americans, stating, “This is about bringing financial opportunities to every citizen, as our mission at TMTG continues to empower the voices that need to be heard.” TMTG’s aim is to leverage its existing platform, Truth Social, to facilitate these financial services, promising users a user-friendly interface to access investment options that include cryptocurrencies and ETFs. The anticipated launch of these services is projected for late 2025, and TMTG has opened discussions with several crypto exchanges and financial institutions to facilitate this transition, including notable entities like Coinbase and Fidelity. Financial analysts predict that TMTG could attract a significant user base given the growing interest in cryptocurrency among retail investors. This announcement has catalyzed a rally in the company’s stock price, which rose by 30% within hours of the news release, underlining the market’s optimism toward TMTG’s new direction. “The future is bright for those who believe in alternative investments, and we are positioning TMTG as a platform that champions not just speech, but financial literacy,” Trump added. The overall market response reflects a wave of enthusiasm for the convergence of social media and financial services, especially with the backing of a high-profile figure like Trump.
Trump Media Shares Surge Following Announcement of Expansion into Financial Services, Including Crypto and ETFs
