The company's board of directors also approved investments of up to $250 million through Charles Schwab, as the company aims to diversify its cash assets, which exceeded $700 million at the end of last year.
The company stated that it plans to allocate these funds into various investment options, including exchange-traded funds, separately managed accounts (SMA), Bitcoin, and other cryptocurrencies.
Trump Media's transition into the financial sector occurred after Donald Trump's election to the White House in November and the election of several pro-cryptocurrency lawmakers to Congress, leading to a sharp increase in the prices of Bitcoin and other cryptocurrencies.
During his campaign, Trump expressed strong support for digital assets and promised to make the U.S. the "crypto capital of the world."