Trump Media & Technology Group Corp. DJT experienced a slight decline in trading on Tuesday following the rollout of an update to its Truth Social platform, which introduced premium features for paid subscribers through the newly launched “Patriot Package” under Truth+.
With this update, the company has integrated a digital rewards ecosystem alongside Crypto.com’s wallet infrastructure. Subscribers to the Patriot Package now have enhanced capabilities, including the ability to edit their posts—referred to as “truths.” Additional features include server-side drafts that sync across multiple devices and tools for scheduling posts.
Furthermore, the update unveils “Truth gems,” a reward asset that the company positions to convert into Crypto.com’s Cronos (CRO). Improvements to the Truth Search AI have also been rolled out, enhancing functionalities such as the utilization of conversation history, titles for grouped truths, and access to prior versions of posts. For app users, those with auto-update enabled will receive these features automatically, while others can manually update via the Apple App Store or Google Play. Web users may need to refresh their browser sessions to access the new tools.
In a significant move earlier this month, Trump Media & Technology closed a purchase agreement with Crypto.com to acquire approximately 684.4 million CRO tokens at an estimated price of $0.153 per token, structured as a 50% stock and 50% cash deal. This acquisition represents about 2% of the current circulating supply of CRO, with plans for a separate initiative—Trump Media Group CRO Strategy, Inc.—targeting an additional roughly 19% stake in the circulating CRO.
The tokens will be managed through Crypto.com Custody, facilitating staking opportunities to generate potential yield. Both exchanged shares and tokens are subject to a lockup arrangement. The introduction of these features aims to enhance user engagement on Truth Social while creating a broader rewards economy that encompasses social interactions, content streaming through Truth+, and financial technology via Truth.Fi.
The CRO acquisition underscores the company’s strategy to produce additional revenue through staking. However, these business developments come amidst scrutiny over Donald Trump and his family reportedly profiting personally from the Oval Office. A report from The New Yorker revealed that the Trump family garnered approximately $3.4 billion during Trump’s presidency, including around $2.3 billion linked to their cryptocurrency ventures. The family’s stake in a cryptocurrency enterprise known as World Liberty Financial is estimated to be around $5 billion, based on its holdings of 22.5 billion WLFI tokens.
As the news unfolds, DJT shares are currently trading down 0.23%, settling at $17.01 during Tuesday’s trading session.
