Short interest in Trump Media & Technology Group has increased by 31% following a recent $6 billion merger announcement, indicating some traders expect the stock to decline after a significant rally, with short bets totaling about $218 million.
Trump Media and Technology Group announced a partnership with Crypto.com to distribute digital tokens to shareholders, aiming to enhance shareholder engagement and leverage blockchain technology, amidst the company's broader efforts to promote cryptocurrency adoption and diversify its business portfolio.
Trump Media & Technology launched five ETFs focused on American-made companies, trading on the NYSE, as part of a broader strategy including a merger with TAE Technologies and plans for additional funds, aiming to promote American innovation and resilience.
Trump Media is merging with fusion energy company TAE Technologies in a $6 billion deal to develop the world's first utility-scale fusion power plant, signaling a pivot into nuclear energy and diversifying beyond its social media platform, Truth Social, amid financial struggles and growing energy demands.
Trump Media & Technology Group (DJT) surged nearly 42% after announcing a $6 billion merger with TAE Technologies to create a pioneering publicly traded fusion energy company, with plans to build the world's first utility-scale fusion power plant.
Trump Media's stock surged after announcing a merger with TAE Technologies to develop nuclear fusion power, significantly increasing the Trump family's wealth by over $500 million in a single day, with plans to build fusion power plants to support U.S. energy and AI initiatives.
Trump Media is merging with fusion company TAE Technologies to fund and accelerate fusion energy development, aiming for power production by 2031, with the deal providing significant cash infusion and a potential test of public market appetite for fusion tech, amidst political and regulatory scrutiny.
Trump Media announced a $6 billion merger with fusion power company TAE Technologies, aiming to develop commercial-scale nuclear fusion energy, with plans to build the first utility-scale fusion power plant by 2026, amidst skepticism about fusion's viability as a commercial energy source.
President Trump's social media company is merging with TAE Technologies in a deal valued over $6 billion, aiming to commercialize fusion power by 2031 with plans to build the world's first utility-scale fusion power plant, leveraging Trump's financial backing and TAE's technological expertise.
Trump Media is merging with TAE Technologies, a Google-backed fusion energy company, in a $6 billion deal to create one of the world's first publicly traded fusion firms, aiming to build the first utility-scale fusion power plant and revolutionize energy production.
Trump Media & Technology Group is merging with nuclear fusion company TAE Technologies in a deal valued at over $6 billion, aiming to create one of the first publicly traded fusion firms, with plans to build a utility-scale fusion power plant by 2026, amidst the broader push for clean, limitless energy sources.
Trump Media announced a $6 billion all-stock merger with fusion company TAE Technologies, aiming to create one of the first publicly traded fusion firms, with plans to build a utility-scale fusion power plant, causing DJT stock to soar 25% in premarket trading.
Donald Trump has become one of the world's largest bitcoin investors, holding an estimated $870 million indirectly through his stake in Trump Media and Technology Group, which invested heavily in bitcoin. Despite his past skepticism, Trump's recent financial moves and the company's crypto investments have significantly increased his net worth, making him a major player in the cryptocurrency world.
Trump Media and Crypto.com have announced a deal with a SPAC to create a new crypto venture focused on accumulating the platform's native token CRO, following a strategy similar to MicroStrategy's bitcoin holdings, and going public on Nasdaq. The move reflects growing corporate interest in crypto treasury strategies, with the CRO token surging after the announcement.