President Donald Trumps company, Trump Media - Technology Group, announced a partnership with Crypto.com on March 24, 2025, triggering an 11% pre-market stock surge in New York the next day.The firm, which operates Truth Social, aims to launch cryptocurrency-focused exchange-traded funds through its Truth.Fi brand.
Investors see potential, despite the companys $400 million loss against $3.6 million revenue in 2024.The deal positions Trump Media to offer ETFs blending Bitcoin, Cronos, and Made in America securities, targeting energy and manufacturing sectors.
Crypto.com, a platform with over 140 million users, supplies the technology, custody, and digital assets for these funds.Pending regulatory approval, the companies expect a 2025 launch, with plans to reach markets in the U.S., Europe, and Asia.
Trump Medias stock, trading as DJT, carries a $4.6 billion market cap but struggles with profitability.The company, founded in 2021 after Trumps social media bans post-Capitol riot, relies heavily on his brand.
Trump owns over 50% of the firm, which went public in 2024 via a SPAC merger amid financial turbulence.Trumps Media Empire Dives into Crypto, Boosting Shares.
(Photo Internet reproduction)This crypto venture aligns with Trumps second-term agenda, where he champions digital assets after once dismissing Bitcoin as a scam.
He recently proposed a U.S.A Bold Move into Digital AssetsDigital Asset Stockpile, including Bitcoin and Ethereum, while launching memecoins with First Lady Melania Trump.
The administration pauses crypto enforcement, easing the path for such deals.Crypto.coms native token, Cronos, jumped 24% to $0.1017 after the news, though it lags its $0.9654 peak.
The platform, founded in 2016, faced U.S.
scrutiny in 2024 but gains credibility through this tie-up.
CEO Kris Marszalek calls it a groundbreaking move for both firms.The ETFs, marketed by Crypto.coms Foris Capital US, promise a unique mix of crypto and patriotic investments.
Trump Media earlier allocated $250 million of its $700 million cash reserves to Truth.Fi, shifting from initial partners like Charles Schwab to Crypto.com.
This pivot reflects a bold bet on digital finance.Analysts note the stocks volatility, with a 38% year-to-date drop before this rally.
Regulatory hurdles and Bitcoins recent four-month low add risks, yet Trumps influence may sway approvals.
The move diversifies Truth Socials parent beyond media into a fintech frontier.This partnership merges politics, business, and crypto, testing Trump Medias resilience.
It capitalizes on a resurgent crypto market and Trumps pro-digital asset stance, offering investors a speculative yet intriguing opportunity.