On December 30th, COINOTAG News reported significant developments concerning Trump Media & Technology Group. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), as of December 17th, President-elect Donald Trump held a commanding 52.9% stake in the company. This strategic move underscores the growing interest in media platforms within the crypto landscape.
Moreover, Trump has transferred approximately 114.8 million shares of his holdings to a revocable trust. This action raises key questions about the future direction of Trump Media and its potential intersection with cryptocurrency initiatives. As regulators scrutinize the evolving media-crypto nexus, such transactions highlight the dynamic shifts in ownership and investment within this vibrant sector.