Trump Media Reveals Truth Token and Wallet Plans in SEC Filing

Trump Media has formally outlined its intention to launch a Truth-branded utility token and digital wallet, according to a new filing with the U.S. Securities and Exchange Commission (SEC) . Key Takeaways: Trump Media plans to launch a Truth-branded token and digital wallet as part of a new rewards program. The token may see expanded use across the broader Truth ecosystem, signaling a deeper crypto push. The company is also pursuing crypto ETFs and holds $2B in Bitcoin-related assets. The disclosure marks the first official appearance of the initiative in public financial documents, months after it was first hinted at in a shareholder letter. The proposed token would be part of a larger “rewards program” tied to a “Truth digital wallet,” which will initially allow users to pay for Truth+ subscriptions. Trump Media Eyes Ecosystem Expansion with Truth Token Trump Media suggests the token may eventually be used across a broader range of products and services within the “Truth ecosphere,” hinting at an expanding digital footprint. Though the company avoids labeling the asset as a cryptocurrency, the language used in the Q2 filing strongly implies that blockchain infrastructure is involved. The move is part of a wider shift toward digital assets, as the firm deepens its crypto strategy. In July, Trump Media made headlines after deploying $2 billion into Bitcoin and Bitcoin-related securities, placing it among the top five public holders of BTC globally. Earlier, it secured $2.4 billion in a private placement round, with $1 billion now listed 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 Beyond token plans, Trump Media’s fintech division, Truth.Fi, has filed for several crypto exchange-traded funds , including products linked to Bitcoin, Ethereum, and a broader “Crypto Blue Chip” index. Despite posting its first positive operating cash flow, $2.3 million for the quarter, the company still recorded a net loss of $20 million, citing stock-based compensation and costs tied to its 2024 SPAC merger. CEO Devin Nunes has positioned the company’s crypto efforts as a defense mechanism against what he describes as financial censorship and discrimination by traditional institutions. Trump Nets Over $26M in Crypto Donations This Year As reported, the crypto industry has donated over $26 million to Donald Trump this year, according to newly released campaign finance filings. Campaign finance records show that contributions to the pro-Trump super PAC, MAGA Inc., came from some of the biggest names in crypto. Blockchain.com led the list with a $5 million donation. Venture capitalists Marc Andreessen and Ben Horowitz each gave $3 million, while Gemini Trust added nearly $3 million. Gemini co-founders Cameron and Tyler Winklevoss also contributed $500,000 each personally. Other major donors include Ondo Finance with $2.1 million and Paradigm, which gave $1.2 million. Trump’s crypto-linked holdings are also a substantial part of his personal wealth . Bloomberg’s Billionaires Index estimates that TMTG stock represents $2.2 billion of Trump’s $6.6 billion fortune. His broader cryptocurrency investments are believed to have gained at least $620 million in recent months. Notably, nearly 70 nominees and officials in the Trump administration reportedly hold crypto or investments in blockchain companies , with holdings ranging from modest sums to over $120 million. The post Trump Media Reveals Truth Token and Wallet Plans in SEC Filing appeared first on Cryptonews .