As Truth Social business struggles, Trump Media goes big on crypto
By
Binu Mathew
Donald Trump has reinvented himself many times over, going from real estate developer to TV personality to world leader.
Now his social media company, Trump Media & Technology Group, which is the parent of the president’s Truth Social site, is undergoing its own metamorphosis, becoming a major player in the crypto industry.
In just the past few months, Trump Media has raised $2.5 billion in cash to invest in bitcoin and is working to bring crypto-related exchange traded funds, or ETFs, to market.
