According to Arkham data, Trump's crypto project WLFI's Ethereum holdings exceeded 41,000, about $140 million. The total assets in the address are currently $309 million, including more than $161 million worth of stablecoins.
On November 22nd, according to a trademark application filed this week, Trump Media Technology Group filed an application for a cryptocurrency payment service called Truth Fi and described it as a platform for crypto payments, financial custody services, and digital asset trading, according to the New York Times. The application did not elaborate on how the project would work or how close it was to fruition, but the move appeared to be an attempt by the group to diversify its business beyond soc...
According to the Financial Times, Trump's social media company is in advanced talks to acquire Bakkt, a cryptocurrency trading platform owned by Intercontinental Exchange.
Trump's social media company is in advanced talks to buy Bakkt, the cryptocurrency trading platform owned by Intercontinental Exchange, as it tries to expand beyond online conversations, according to the Financial Times. Trump Media and Technology Group is close to buying Bakkt for an all-share stake, according to two people briefed on the talks. The valuation under discussion is unclear, but on Monday Bakkt was valued at just over $150 million.
Trump's social platform Truth Social and Musk's X platform (formerly Twitter) may merge. Data show that Truth Social's revenue in the third quarter of this year was only $2.60 million, mobile end monthly active user was 698,000, and website monthly visits were 11.30 million; in comparison, X platform is expected to generate annual advertising revenue of $2 billion, monthly active user reached 70.40 million, and website monthly visits were as high as 1 billion times. Director of the Center for Co...
Shares of Trump's social media company extended a five-week rally, adding more than $7.90 billion to its market value, and analysts expect the company to benefit significantly if Trump wins next week's election. Trump Media Technology Group rose 8.8% on Tuesday, taking its five-week gain to 324%. That sent Trump's paper earnings at the company surging to nearly $6 billion.