As Truth Social business struggles, Trump Media goes big on crypto

Now his social media company, Trump Media & Technology Group, which is the parent of the president’s Truth Social site, is undergoing its own metamorphosis, becoming a major player in the crypto industry.

In just the past few months, Trump Media has raised $2.5 billion in cash to invest in bitcoin and is working to bring crypto-related exchange traded funds, or ETFs, to market.

Trump has no official position at Trump Media and does…