Trump Media Tech Group Teams Up With Crypto.com; Market Reacts Positively
25 March 2025 路 Uncategorized 路
Following Donald Trump's election as president, the 'Trump Media and Technology Group' (TMTG), which includes his self-created social platform Truth Social, experienced a post-election rally. However, its momentum has recently reversed sharply.
On March 24th, TMTG announced significant cooperation with Crypto.com, driving after-hours trading prices up by over 9%. According to reports from CNBC and other foreign media outlets, the agreement aims to jointly launch ETFs themed around 'Made in America,' which will include investments such as Bitcoin and Cronos (Crypto.com's native cryptocurrency), along with related energy sector stocks.
Yahoo Finance shows that during regular trading hours on March 24th, TMTG鈥檚 stock price rose by 3.75%, closing at $21.01; in after-hours trading it surged further to reach $22.99, a rise of 9.42%.
Initially, Donald Trump was the largest shareholder with nearly sixty percent equity but transferred all his shares into an irrevocable trust managed by Don Jr.'s name last December following concerns about conflicts of interest.
The stock price movement for TMTG is akin to meme stocks and has little correlation with operational fundamentals. According to financial reports released in 2024, it incurred a net loss of $400.9 million while generating only $3.6 million in revenue; as of March 24th, 2025, the stock price had fallen by 38.39%.
On March 24th, TMTG announced significant cooperation with Crypto.com, driving after-hours trading prices up by over 9%. According to reports from CNBC and other foreign media outlets, the agreement aims to jointly launch ETFs themed around 'Made in America,' which will include investments such as Bitcoin and Cronos (Crypto.com's native cryptocurrency), along with related energy sector stocks.
Yahoo Finance shows that during regular trading hours on March 24th, TMTG鈥檚 stock price rose by 3.75%, closing at $21.01; in after-hours trading it surged further to reach $22.99, a rise of 9.42%.
Initially, Donald Trump was the largest shareholder with nearly sixty percent equity but transferred all his shares into an irrevocable trust managed by Don Jr.'s name last December following concerns about conflicts of interest.
The stock price movement for TMTG is akin to meme stocks and has little correlation with operational fundamentals. According to financial reports released in 2024, it incurred a net loss of $400.9 million while generating only $3.6 million in revenue; as of March 24th, 2025, the stock price had fallen by 38.39%.