According to a Reuters exclusive published on October 28, 2026, Bloomberg, Jump Trading and Susquehanna International Group have subscribed to Trump Media's "Truth API". This paid stream costs up to $100,000 per month. In exchange, it delivers the American president's Truth Social publications about 50 milliseconds early. But these 50 milliseconds are worth a lot, because a single message from Donald Trump is sometimes enough to send Bitcoin back to $82,000.
Truth API: the flow that sells 50 milliseconds ahead of Trump
First, the principle. Trading software reads information and places an order in a few thousandths of a second. On the other hand, a human who refreshes the Truth Social application takes several seconds to see the president's message. Trump Media unveiled the Truth API on July 16, 2026 and introduced it to trading companies. The service then opened to business customers in August. Its interim general manager, Kevin McGurn, then promised a flow much faster than scraping the site.
Reuters reports, from sources familiar with the matter, that Bloomberg, Jump Trading and Susquehanna are among the subscribers. The last two houses are specialists in high frequency trading, or HFT. These automated strategies exploit price gaps for a few milliseconds. Furthermore, Trump Media claimed as early as August to have signed more than ten contracts, billed between $60,000 and $100,000 per month. The company did not name any customers, and Reuters could not confirm the figure. Finally, all three companies declined to comment.
41% of Trump Media for the Trump family and posts that move Bitcoin
The seller of the information and its author are in fact almost the same person. The Trump family trust owns 41% of Trump Media, and Donald Trump is the sole beneficiary. This is according to documents filed with the SEC and cited by Reuters. Donald Trump Jr. is the trustee, with sole voting and investment power. However, the White House assures via its spokesperson Davis Ingle that neither the president nor his family directly decides on investments. According to him, “President Trump only acts in the interest of the American public.”
However, the stock market does not follow. Trump Media stock has lost more than 50% since January 1. Its capitalization reached around $8 billion at the time of the IPO in March 2024. It only weighs $1.8 billion today. Additionally, the company has accumulated $1.76 billion in losses since 2024, including non-cash charges.
There is no shortage of messages that move the markets. Thus, oil futures fell in April 2026 after the announcement of a ceasefire in Iran on Truth Social. Reuters itself cites this case. On October 8 at 12:17 p.m. New York time, another message ruled out any strike against Iran before the November 3 midterm elections. WTI then fell from 93.20 to 90.70 dollars. Bitcoin then climbed back towards $82,000, after $1.19 billion in liquidations in 24 hours. On September 4, a threat to suspend commercial exchanges with certain partners fell on the day Bitcoin fell below $80,000. Each of these messages therefore offers a subscribing algorithm an opportunity to act before the rest of the market.
Warren, Schiff and The Intercept attack the Truth API
Democratic senators Elizabeth Warren and Adam Schiff referred the matter to the SEC, the American stock market watchdog, in July. They ask him to check whether the service complies with stock market law. According to them, this is a “shocking abuse” of the presidential function. The SEC declined to comment.
Separately, The Intercept and the Freedom of the Press Foundation filed a complaint against Donald Trump in August. They invoke the First and Fifth Amendments. Their target is the White House. She should no longer reserve her official announcements for Truth Social as long as a paid feed exists. They describe the system as “deeply corrupt”. The procedure was still ongoing as of October 28.
Trump Media counters that Truth Social offers "an industry-standard API product, for which there is strong demand across many industries." The company also considers the Reuters report misleading because it is based on anonymous sources. Finally, a spokesperson accuses Congressional Democrats of confusing public and non-public information, or of opposing free markets. Of course, the posts are public. But the commodity sold remains their latency, and each millisecond has a well-known price on stock data markets.
