Latest news with #Truth.Fi
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Arabian Post
6 days ago
- Business
- Arabian Post
Trump-Linked Truth Social Submits Bitcoin & Ethereum ETF Filing
Issuing its first formal financial move beyond social media, Truth Social's parent, Trump Media & Technology Group, has filed an S‑1 registration statement with the U.S. Securities and Exchange Commission to launch a Bitcoin and Ethereum exchange‑traded fund under the Truth Social brand. The application outlines plans to list the fund on NYSE Arca, although ticker symbols and fee structures have yet to be disclosed. NYSE Arca initiated the process on 3 June 2025 by submitting a Form 19b‑4 on behalf of TMTG and partner Yorkville America Digital, seeking approval to list the dual‑crypto ETF. The S‑1 filing followed on 5 June and provides deeper insights into structure and risk disclosures. The filings initiate the standard dual‑review process; the SEC has a 45‑day window for initial decision and up to 240 days for final approval. The prospectus confirms that the fund will hold spot Bitcoin and Ethereum—the first dual‑crypto vehicle under the Truth Social banner. Physical custody of assets will be handled by Foris DAX Trust Company, affiliated with which will also serve as execution agent and liquidity provider. Yorkville America Digital, a Florida‑based asset manager that emphasises 'Made‑in‑America' digital‑asset products, is named as the sponsor. ADVERTISEMENT Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, noted the risk disclosures reference President Trump's crypto‑favourable posture—highlighting regulatory shifts, the SEC's newly launched crypto task force, and a strategic U.S. Bitcoin reserve executive order—marking the first time an ETF filing openly tied a sitting president's actions to fund risk. The launch is part of a broader the strategic pivot by Truth Social into financial services. Earlier this year, Trump Media announced a $2.5 billion Bitcoin treasury initiative and submitted trademark applications under its brand for various crypto‑focused products. The move aligns with similar industry trends—11 spot Bitcoin ETFs have been approved since January 2024 by providers including BlackRock, Fidelity and Grayscale—a venue drawing billions in investor capital. Yet the dual‑crypto ETF enters a saturated market, and analysts caution that without distinctive value, it may not draw substantial flows despite its political branding. Market watchers observe that assets under management in competing spot Bitcoin ETFs are heavily concentrated—with BlackRock's IBIT holding approximately $69 billion, followed by Fidelity's fund at around $21 billion. The filings also highlight potential conflicts of interest. Yorkville America has financial ties with TMTG, including advising on and investing in both the firm's stock and private placement used to bolster the Bitcoin treasury. The application explicitly acknowledges these links may pose risks to investors. Timing is politically significant, with the SEC's current leadership under Paul Atkins perceived as taking a more crypto‑friendly stance. SEC deregulation efforts under President Trump's administration also form part of the context. Should the ETF be approved, it will enable investors to gain regulated exposure to Bitcoin and Ethereum—devoid of managing digital wallets or crypto‑exchange accounts—via traditional brokerage channels. The fund is poised to calculate daily net asset values, with intraday quotations updated every 15 seconds and comprehensive transparency on holdings, premiums and discounts. However, regulatory clarity remains pending. Absent from the filings are critical operational details, including ticker symbols, expense ratios and seed capital levels. Until the S‑1 becomes effective, the ETF cannot be marketed to investors. This marks a strategic landmark in Truth Social's quest to diversify beyond digital media. Its expansion into crypto finance brings together political influence, regulatory momentum and mainstream investor demand, potentially reshaping its corporate identity. At stake is the fund's ability to carve a credible and competitive space among established crypto‑ETF leaders.
Yahoo
06-06-2025
- Business
- Yahoo
Trump Media Files Bitcoin Treasury Registration
Trump Media & Technology Group Corp. (DJT) filed a registration statement with the Securities and Exchange Commission for its $2.5 billion Bitcoin treasury strategy, according to a company announcement. The move represents what Trump Media calls one of the largest corporate Bitcoin allocations by a public company and signals the company's expansion beyond social media into financial services, according to the press release. Corporate Bitcoin strategies have gained traction following similar moves by companies like Strategy Inc. (MSTR), which holds over $41.6 billion in Bitcoin as of May 25, the company said. The registration statement will provide Trump Media with "the capital, assets, independence, flexibility, and security we need to fulfill our goals of rapid expansion, guaranteeing a wide array of ways to access the capital markets when it's most advantageous to do so," according to the Friday press release. The company entered subscription agreements for $1.5 billion in common stock and $1 billion in convertible notes, according to the filing. Trump Media shares were up about 4.7% Friday morning but remain down 38% year to date. The proceeds will be used for the company's creation of a Bitcoin treasury and for general corporate purposes, according to the press release. Read More: Trump Media Raises $2.5B for Bitcoin Treasury Strategy The registration statement seeks to register for resale by selling security holders up to 84.6 million shares of common stock, according to the filing. The shares represent approximately 52.8% of Trump Media's public float and approximately 30.6% of outstanding shares as of June 4, according to the filing. The filing also allows for a primary offering of up to $12 billion in various securities, including common stock, preferred stock, debt securities, warrants, rights and units, according to the registration statement. This universal shelf registration provides Trump Media flexibility to access capital markets when conditions are favorable. CEO Devin Nunes said the activities will help the company "acquire crown jewel assets, and draw more customers and users into the patriot economy," according to the press release. The company operates Truth Social, the Truth+ streaming platform and is launching the financial services brand, according to the press release. The broader strategy includes trademark filings for three ETFs combining digital assets with "Made in America" securities, according to previous filings. The Made in America ETF, the U.S. Energy Independence ETF and the Bitcoin Plus ETF will target multiple sectors. The company plans to invest up to $250 million of its own reserves into these products through Charles Schwab as custodian, according to previous | © Copyright 2025 All rights reserved
Yahoo
05-06-2025
- Business
- Yahoo
Trump Media files for Bitcoin ETF with SEC as company continues to entrench itself in the crypto world
The Trump Media & Technology Group (TMTG) filed an S-1 with the Securities and Exchange Commission for a Bitcoin ETF. The ETF will be managed under TMTG's fintech brand, with the help of its existing financial partner Yorkville Advisors and The Trump Media & Technology Group continues its headfirst foray into the crypto world. On Thursday, TMTG, the parent company of Truth Social, announced it had begun the process of registering a Bitcoin ETF with the Securities and Exchange Commission. The ETF will operate under TMTG's fintech arm, Its official name will be the Truth Social Bitcoin ETF. What started as a small social media company with its flagship Truth Social product is quickly becoming a digital juggernaut with diverse businesses that also include a streaming product and a burgeoning fintech platform. Since the start of the year, TMTG has been formalizing its efforts to become a player in online finance and crypto. The latter in particular has attracted new and profound interest from President Donald Trump, who was TMTG's largest shareholder. (Before retaking office, Trump placed his TMTG shares in a trust controlled by his son Donald Trump Jr., who is on the company's board). Once a crypto skeptic, Trump has changed his tune, becoming a believer in digital currencies. new Bitcoin ETF will be launched in conjunction with two of TMTG's existing financial partners: Yorkville Advisors and according to an S-1 filing submitted to the SEC. Yorkville Advisors, a small financial firm that has been engaged in several financial transactions with TMTG since last July, will sponsor the ETF. Meanwhile, will serve as the custodian for the assets in the ETF, meaning it will safeguard them in a designated account. TMTG, Yorkville, and did not respond to Fortune's requests for comment. The new Bitcoin ETF will trade on the NYSE Arca, an exchange based in Chicago that was created in 2006 from a merger between the NYSE and Arca. The ETF launch is not TMTG's first Bitcoin-related move. Last month, announced it had raised $2.5 billion toward its own Bitcoin reserve. Funding came from roughly 50 institutional investors, according to TMTG. The transaction would place Bitcoin directly on the publicly traded TMTG's balance sheet. TMTG already had a strong balance sheet with roughly $759 million in cash and cash equivalents. TMTG CEO Devin Nunes called Bitcoin an 'apex instrument of financial freedom.' He framed the move as part of TMTG's effort to build a diversified portfolio of digital assets, which already included its various business segments like streaming and social media. 'It's a big step forward in the company's plans to evolve into a holding company by acquiring additional profit-generating, crown jewel assets consistent with America First principles,' Nunes said in a statement announcing TMTG's Bitcoin treasury. The idea of strategic cryptocurrency reserves is also gaining traction in the public sector thanks to Trump. In March, the president signed an executive order to create both a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile that would be owned by the Treasury Department. This story was originally featured on
Yahoo
30-05-2025
- Business
- Yahoo
Trump Media Closes Bitcoin Treasury Deal
Company Launches Far-Reaching Bitcoin Treasury Strategy SARASOTA, Fla., May 30, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("Trump Media" or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand announced today that it has closed its previously announced private placement offering ('the Offering') with approximately 50 institutional investors. The Offering consisted of the sale of (i) 55,857,181 shares of the Company's common stock, at a price of $25.72 per share, for gross proceeds of approximately $1.44 billion and (ii) 0.00% convertible senior secured notes due 2028 in the principal amount of $1.00 billion, at the conversion price of $34.72 per share, for an aggregate purchase price of approximately $2.44 billion. Trump Media will use the approximately $2.32 billion in net proceeds from the Offering to create a Bitcoin treasury and for other general corporate purposes and working capital. One of the largest Bitcoin treasury deals for any public company, the net proceeds from this Offering and the Company's strategy will make Trump Media one of the top Bitcoin holders among publicly-traded U.S. firms with one of the most comprehensive Bitcoin treasury strategies. Trump Media's CEO and Chairman Devin Nunes said, 'Trump Media is focused on acquiring great assets, and this deal will give us the financial freedom to implement the rest of our strategies. It means the Company will have more than $3 billion in liquid assets and our shareholders will have exposure to Bitcoin. The deal positions Trump Media for the kind of rapid expansion we've always envisioned, and we look forward to advancing even further throughout the America First economy.' The Offering will place Bitcoin on Trump Media's balance sheet alongside existing cash, cash equivalents, and short-term investments totaling $759.0 million as of the end of the first quarter of 2025. Yorkville Securities, LLC and Clear Street LLC acted as Co-lead placement agents, with BTIG, LLC and Cohen & Company Capital Markets acting as Co-placement agents (collectively, the 'Placement Agents'). Cantor Fitzgerald & Co. acted as financial advisor. Nelson Mullins Riley & Scarborough LLP is serving as legal counsel to the Company. Reed Smith LLP is serving as legal counsel to the Placement Agents. and Anchorage Digital will provide custody for Trump Media's Bitcoin treasury. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in the United States or any other state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Cautionary Statement About Forward-Looking Statements This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of Trump Media. We have based these forward-looking statements on our current expectations and projections about future events, including expected potential merger & acquisition activity, the rollout of products and features, our Bitcoin treasury strategy, the future plans, timing and potential success of the streaming services and the launch and success of our financial services and FinTech platform. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "soon," "goal," "intends," or similar expressions. Forward-looking statements are not guarantees of future performance, and involve risks, uncertainties and assumptions that may cause our actual results to differ materially from the expectations that we describe in our forward-looking statements. There may be events in the future that we are not accurately able to predict, or over which we have no control. About Trump Media The mission of Trump Media is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. Trump Media operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. Trump Media is also launching a financial services and FinTech brand incorporating America First investment vehicles. Investor Relations Contact Shannon Devine (MZ Group | Managing Director - MZ North America)Email: Media Contact press@ while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
USA Today
30-05-2025
- Business
- USA Today
Is Trump Media stock a buy after dropping over 50% from its 52-week high?
Is Trump Media stock a buy after dropping over 50% from its 52-week high? Show Caption Hide Caption What is 'TACO trade,' a new phrase angering President Trump? 'TACO trade' is a jab at President Donald Trump's propensity to impose or threaten tariffs and later back off. Perhaps no stock's performance is more impacted by President Donald Trump's actions than Trump Media & Technology Group (NASDAQ: DJT). Although the Trump administration's recent tariff policies affected the entire stock market, Trump Media has specifically stated its success depends in part on President Trump's popularity. This has played out in Trump Media's share price, which zoomed up to a 52-week high of $54.68 just days before the presidential election. But economic uncertainty fueled by inflation and further impacted by the dynamic tariff situation sank the company's stock. At the time of this writing, its share price is less than half what it was before Donald J. Trump's election win. Does this bring Trump Media shares into buy territory? Or do reasons exist to avoid the stock? Let's dig into the company to find out. Trump Media's business performance Trump Media relies entirely on revenue from digital advertising run on Truth Social, its social media platform. The company also provides consumers a streaming video product, Truth+, and recently announced a financial offering called However, by the end of the first quarter, neither Truth+ nor had produced income. Trump Media's sole source of sales, Truth Social, delivered $821,200 in Q1 revenue, a 7% increase from the prior year. This is a promising start to 2025 since the company ended 2024 with a 12% year-over-year decline in sales to $3.6 million. In addition, Trump Media boasts a strong balance sheet. Total assets were $918.9 million compared to $27.2 million in total liabilities at the end of Q1. The company has amassed a war chest of $759 million in Q1 cash, cash equivalents, and short-term investments. But that's where Trump Media's strengths end. Areas of concern with Trump Media An investment in Trump Media carries several outsized risks. Perhaps the biggest is that 93% of its revenue comes from a single customer. If that client decides to leave, Trump Media's income collapses. Also, the company is standing on shaky financial ground. Trump Media is not profitable, with a Q1 net loss of $31.7 million. This is because its Q1 operating costs totaled $40.4 million. But a greater issue is the tepid revenue generated from Trump Media's offerings. Truth Social's sales aren't covering its expenses, so it's crucial for the company's new Truth+ and products to provide income soon. Another concern is that Trump Media noted in its Q1 earnings report that there existed "material weakness in our internal controls over financial reporting," and it lacked "accounting personnel who have the requisite experience in [Securities and Exchange Commission] reporting regulation." This means its financial statements could contain errors and, depending on the extent of those mistakes, may lead to a misrepresentation of Trump Media's finances. Although the firm is working to address this issue, the integrity of its earnings reports is questionable at this time. Making a decision on Trump Media stock Trump Media is in a precarious predicament, given the high costs of operating its business relative to the meager sales it's bringing in. However, its emerging products might deliver the revenue Trump Media desperately needs, and its excellent balance sheet can sustain the company while these products build up their income streams. So, does the company's substantial stock price drop from its 52-week high tip the decision toward purchasing shares? Answering this question requires assessing whether its stock valuation is reasonable. You can gauge this with the price-to-sales (P/S) ratio, which tells you how much you're paying for every dollar of revenue the company earned during the trailing 12 months. This metric is commonly used to evaluate stocks for unprofitable businesses, such as Trump Media. Over the past year, the company's P/S multiple has undergone wild swings. Although it's not at its peak at the time of this writing, it's still exceedingly elevated, suggesting the stock is overpriced despite falling more than 50% from its high. Given a pricy stock combined with significant risks, such as the potential for financial reporting errors and reliance on a single customer for nearly all its revenue, Trump Media shares are not a good investment at this time. Perhaps the company deserves another look if its Truth+ and products eventually generate sales. For now, there aren't enough compelling reasons to buy Trump Media stock. Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. Its content is produced independently of USA TODAY. Should you invest $1,000 in Trump Media & Technology Group right now? Offer from the Motley Fool: Before you buy stock in Trump Media & Technology Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Trump Media & Technology Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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