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Trump Media has officially detailed its plans to introduce a Truth-branded utility token and digital wallet, as indicated in a recent filing with the U.S. Securities and Exchange Commission (SEC).
Key Takeaways:
- Trump Media intends to introduce a Truth-branded token and digital wallet as part of a new rewards initiative.
- The token may have broader applications within the overall Truth ecosystem, indicating a more significant commitment to cryptocurrency.
- The firm is also exploring crypto ETFs and possesses $2 billion in Bitcoin-related assets.
This disclosure represents the first formal mention of the initiative in public financial records, occurring months after it was initially suggested in a letter to shareholders.
The proposed token would be integrated into a larger “rewards program” associated with a “Truth digital wallet,” which will initially enable users to pay for Truth+ subscriptions.
Trump Media Aims for Ecosystem Growth with Truth Token
Trump Media indicates that the token may ultimately be utilized across a wider array of products and services within the “Truth ecosphere,” suggesting an expanding digital presence.
While the company refrains from categorizing the asset as a cryptocurrency, the terminology used in the Q2 filing strongly suggests the involvement of blockchain technology.
This initiative is part of a broader transition towards digital assets, as the company intensifies its cryptocurrency strategy.
In July, Trump Media garnered attention after investing $2 billion in Bitcoin and Bitcoin-related securities, positioning it among the top five public holders of BTC worldwide.
Previously, it raised $2.4 billion in a private placement round, with $1 billion currently designated as restricted collateral for convertible notes.
Trump has 3+ years in office.
His company, Trump Media, bought almost 2B USD worth of $BTC and other cryptos.
And you think the cycle top was in?
Higher pic.twitter.com/w1k7Sq33GR— Degen Ape Trader (@DegenApe99) August 3, 2025
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In addition to token initiatives, Trump Media’s fintech division, Truth.Fi, has submitted applications for several crypto exchange-traded funds, including those linked to Bitcoin, Ethereum, and a broader “Crypto Blue Chip” index.
Despite achieving its first positive operating cash flow of $2.3 million for the quarter, the company still reported a net loss of $20 million, attributing this to stock-based compensation and expenses related to its 2024 SPAC merger.
CEO Devin Nunes has framed the company’s cryptocurrency initiatives as a safeguard against what he describes as financial censorship and discrimination by conventional institutions.
Trump Receives Over $26M in Crypto Donations This Year
As reported, the cryptocurrency sector has contributed over $26 million to Donald Trump this year, according to newly published campaign finance records.
Campaign finance documents indicate that donations to the pro-Trump super PAC, MAGA Inc., originated from some of the most prominent figures in the crypto industry.
Blockchain.com topped the list with a $5 million contribution. Venture capitalists Marc Andreessen and Ben Horowitz each donated $3 million, while Gemini Trust contributed nearly $3 million.
Gemini co-founders Cameron and Tyler Winklevoss also personally donated $500,000 each. Other significant contributors include Ondo Finance with $2.1 million and Paradigm, which donated $1.2 million.
Trump’s cryptocurrency-related holdings also represent a considerable portion of his personal wealth.
Bloomberg’s Billionaires Index estimates that TMTG stock accounts for $2.2 billion of Trump’s $6.6 billion net worth.
His overall cryptocurrency investments are believed to have appreciated by at least $620 million in recent months.
Notably, nearly 70 nominees and officials from the Trump administration reportedly possess cryptocurrency or investments in blockchain firms, with holdings varying from modest amounts to over $120 million.
The post Trump Media Reveals Truth Token and Wallet Plans in SEC Filing appeared first on Cryptonews.
