Trump Media & Technology Group Corp. Sees Significant Pre-Market Surge

In an exciting development for investors, Trump Media & Technology Group Corp. experienced a remarkable surge of over 15% in pre-market trading this Wednesday. This leap comes on the heels of the company's announcement about the launch of its new financial services and FinTech brand, Truth.Fi.

Investment Plans Unveiled

Adding to the buzz, the operator of the Truth Social media platform revealed that its board of directors has greenlit an investment of up to $250 million. This investment is set to be custodied by Charles Schwab and will be allocated across various innovative financial vehicles, including customized separately managed accounts (SMAs), customized exchange-traded funds (ETFs), and investments in Bitcoin and other similar cryptocurrencies.

CEO Devin Nunes on the Vision Behind Truth.Fi

"We are thrilled about the launch of Truth.Fi and the introduction of TMTG's investment vehicles. This initiative is a significant step towards our goal of building a robust ecosystem. An ecosystem that empowers American patriots to safeguard themselves against the threats of cancellation, censorship, debanking, and privacy violations perpetrated by Big Tech and woke corporations," stated CEO and Chairman Devin Nunes.

At 8:35 am ET, the company's shares were trading at $34.64 each, marking a 15.31% increase.