The Trump Media and Technology Group, the parent company of Truth Social and Truth Plus, is planning to launch a new utility token as part of a broader expansion approach. CEO Devin Nunes shared these updates in a letter The company's first year marking as a public creature, detailing new features, investments, and upcoming Crypto integration.
The utility token will be introduced within a dedicated digital digital purse and first to be used to pay for the TRUTH PLUS subscriptions. Over time, it can also be used for other services throughout the Trump media ecosystem, forming part of a larger reward program.
A strong start, one year to
The first year marking as a public company, Nunes featured a strong financial position of the company, holding $ 777 million cash with low operating costs. He believes that Trump's media provides a strong edge for growth, especially as it releases new premium features for Truth Plus, such as longer videos, an editing button, and access to more conservative news channels and family-friendly content.
Huge financial investment
Meanwhile, under its financial service brand reality.FI, Trump Media launches a series of ETFs and separately managed accounts with an “America-first” focus, in collaboration with Yorkville America equities and index technologies group. Up to $ 250 million is allocated to this adventure.
However, crypto ambitions have caused concerns about potential conflicts of interest. Despite the transfer of his 59% stake to a trust, Trump remains linked to many Crypto adventures, including the World Liberty Financial, where he has been named “Chief Crypto Advocate” and revenue from the company, which is often owned by the Trump family. His launch of Memecoin, official Trump (Trump), before returning to the office, also draws criticism.
Nunes also expressed concern about stock manipulation, citing 6 million short positions of fence funding and knowing Sec. He added that the company is actively pursuing fusion and hiring to find “crown jewel” assets that align long -term perspective.
Stock Pressure and M & A Plan
Despite announcements, Trump Media's (DJT) stock dropped 3% during the day and dropped 26% for the year, as the investor's interest cools down amid greater market uncertainty. Nunes claimed that the manipulation of the hedge fund was slightly blamed and alerted the Sec. He also said Trump's media was in hunting for strategic extraction to support long -term growth.
