Truth.Fi plans to invest up to $250 million in various assets, including Bitcoin, cryptocurrencies, exchange-traded funds (ETFs) and separately managed accounts (SMAs)

Quotes that support claims

The new financial services and fintech brand will invest up to $250 million in traditional investment vehicles, SMAs, ETFs, bitcoin and “similar cryptocurrencies or crypto-related securities.”

TMTG’s board of directors approved investing $250 million of the company’s cash holdings into Bitcoin, similar cryptocurrencies, exchange-traded funds, and other investment products