Trump Media Eyes Expansion with Acquisition Fund
Trump Media and Technology Group (NASDAQ: DJT), the parent company of Truth Social, is looking to expand its reach through acquisitions. The company has revealed plans for a “strategic acquisition fund” focused on the “America First Economy.”
This move comes as Trump Media seeks additional revenue streams. The firm currently operates Truth Social, the Truth Plus streaming service, and is preparing to launch an asset management and ETF service under the Truth.Fi banner.
While the company has been working to enlarge its offerings, its current financial performance shows room for growth. Revenues for Q4 2024 were reported at $3.6 million, with actual billings around $200,000.
This new fund will allow Trump Media to partner with, merge with, or acquire other businesses aligned with the “America First Economy.” The company is aiming for firms that could use Trump Media’s technology and branding.
The company’s goal could be to evolve into a holding company with multiple independent subsidiaries spread across different sectors. This change in direction signifies a strategic pivot for Trump Media.
Speculation is already swirling about potential acquisition targets. In November 2024, reports indicated that Trump Media was in talks to acquire Bakkt, a crypto exchange owned by Intercontinental Exchange. Given Donald Trump’s recent interest in the crypto sector, fueled by the launch of meme coins like $TRUMP and $MELANIA, an acquisition in this area could make sense.
Investors in Trump Media should consider the likelihood of Bakkt, or a similar crypto-related company, becoming part of the portfolio.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
