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Trump Media & Technology shares up 7% amid 'fintech' strategy partnering with Charles Schwab

5:09 PM 29 January 2025

Shares of Donald Trump's publicly traded company, Trump Media & Technology (DJT.US) are gaining nearly 7% after the company announced a strategy to develop fintech services, in partnership with Charles Schwab (SCHW.US).

  • The company intends to invest 250 million of its $700 million cash and custody assets in Charles Schwab. The funds will be invested in ETFs, cryptocurrencies and other assets
  • Stocks limit gains to 7% from 15% initial euphoric reaction. Bitcoin failed to stay above $102K; Ethereum is still trading below $3100
  • Charles Schwab will advise DJT on further investments and development of the Truth.Fi brand. Charles Schwab shares gain less than 0.5%

Source: xStation5

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