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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