Trump Media & Technology Group Corp (DJT) has announced the establishment of a strategic acquisition fund to support mergers and acquisitions aligned with its growth strategy. The Board of Directors approved this move on February 21, 2025.
The company aims to expand its presence in the America First economy by exploring partnerships and acquisitions that leverage its technology and branding. This effort is part of TMTG’s overall goal to counter big tech censorship and promote free expression.
TMTG has also launched Truth.Fi, its financial services brand, with a strategy that includes investing up to $250 million in customized financial products in collaboration with Charles Schwab.
Key Statistics:
– Year-to-date price performance: -18.17%
– Average trading volume: 10,622,437
– Technical sentiment consensus rating: Buy
– Current market cap: $6.13 billion
For a thorough assessment of DJT stock, visit TipRanks’ Stock Analysis page.
Source: https://www.tipranks.com/news/company-announcements/truth-social-establishes-strategic-acquisition-fund