Trump Media & Technology Group (NASDAQ: DJT) saw its stock surge 5.52% to $18.93 following trademark filings for AI features on its Truth Social platform. The company submitted applications for "Truth Social AI" and "Truth Social AI Search," aiming to enhance user engagement and provide what CEO Devin Nunes described as "reliable information, non-woke news, and entertainment." These features are part of a broader expansion across mobile and web versions to build an independent tech ecosystem.
Concurrently, Trump Media revealed plans for a "Crypto Blue Chip ETF" through its financial arm Truth.Fi. The fund will allocate nearly 75% of its portfolio to Bitcoin, with additional holdings in Ethereum, Solana, XRP, and Cronos. This follows earlier trademark filings for cryptocurrency payment services and aligns with the company's streaming venture Truth+, currently in global rollout after a June beta launch.
Despite reporting a Q1 2025 net loss of $31.7 million against $8.8 million revenue, Trump Media continues targeting its base of 6 million Truth Social users. The AI integration mirrors industry trends but emphasizes ideological differentiation from mainstream platforms.