The company's board of directors has also approved investments of up to $250 million through Charles Schwab, as the firm seeks to diversify its cash assets, which exceeded $700 million at the end of last year.
The company announced its intention to allocate these funds into various investment options, including exchange-traded funds, separately managed accounts (SMA), Bitcoin, and other cryptocurrencies.
Trump Media's shift into the financial sector occurred following Donald Trump's election to the White House in November and the election of several pro-cryptocurrency lawmakers to Congress, resulting in a significant surge 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."