crypto

Yaël Bizouati-Kennedy5/27/25

Trump Media raising $2.5 billion to establish bitcoin treasury

Trump Media & Technology Group announced today they will “issue and sell approximately $1.5 billion in the Company’s common stock and $1.0 billion in principal amount of 0.00% convertible senior secured notes” to establish a bitcoin treasury.

Yesterday, The Financial Times reported the company was raising $3 billion to buy bitcoin and other crypto assets. Trump Media shares were up as much as 13% in premarket Monday morning but dropped 9% after the market opened. Bitcoin’s price was hovering around $110,000 this morning, just days after reaching a new all-time high of $111,814 on May 22.

The move comes ahead of the Bitcoin 2025 conference in Las Vegas. Vice President JD Vance, as well as President Trump’s sons Eric and Donald Jr., are speaking at the event.

The company earlier denied the FT report, telling the outlet in a statement, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

This would be the latest in a growing move into crypto for the Trump family. Last week, Trump hosted his trump meme coin dinner, which sparked considerable controversy.

Trump Media, the parent company of Truth Social, announced the launch of the financial services and fintech brand Truth.Fi in January, and in February, it applied for trademarks for a slew of “America First-themed” ETFs, including one for bitcoin, the Truth.Fi Bitcoin Plus ETF.

Trump Media Announces Approximately $2.5 Billion Bitcoin Treasury Deal

Trump Media Announces Approximately $2.5 Billion Bitcoin Treasury Deal

The move comes ahead of the Bitcoin 2025 conference in Las Vegas. Vice President JD Vance, as well as President Trump’s sons Eric and Donald Jr., are speaking at the event.

The company earlier denied the FT report, telling the outlet in a statement, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

This would be the latest in a growing move into crypto for the Trump family. Last week, Trump hosted his trump meme coin dinner, which sparked considerable controversy.

Trump Media, the parent company of Truth Social, announced the launch of the financial services and fintech brand Truth.Fi in January, and in February, it applied for trademarks for a slew of “America First-themed” ETFs, including one for bitcoin, the Truth.Fi Bitcoin Plus ETF.

More Crypto

crypto

Sage D. Young7h

Solana treasury company dumps more than 12% of its entire stash

On Monday, SOL Strategies, a solana treasury firm, reported the sale of 65,001 tokens to settle more than $4.1 million of debt.

The sale reduced the company’s total holdings of solana by nearly 12.5% from 521,174 tokens to 456,173 tokens, worth roughly $29 million as of writing.

The sale “reflects a decision to reduce debt and further clean up our balance sheet to assist us to fully focus on the operating businesses,” SOL Strategies CEO Michael Hubbard said in a statement.

The news comes one week after the firm announced closing the acquisition of HoudiniSwap, a privacy-based decentralized exchange aggregator, for $18 million.

Shares of SOL Strategies have dropped over 6% today as the underlying cryptocurrency at the center of the firm’s treasury strategy has decreased 5% in the last 24 hours, and 16.8% in the past seven days. The token is down 78% from its all-time high of $293.31 in January 2025.

Meanwhile, solana ETFs have seen $5.5 million in outflows in June, on track to record their first monthly outflow since their inception last year, data from SoSoValue shows.

Yaël Bizouati-Kennedy

Is the AI trade, Strategy, or macro factors to blame for bitcoin woes?

Michael Saylor says don’t blame Strategy after Jim Cramer said he “murdered bitcoin.”

Man's Head and Arrows

crypto

Sage D. Young6/8/26

BitMine buys the dip, makes largest ethereum purchase this year

Despite having an unrealized loss of nearly $9.7 billion, the leading ethereum treasury firm has acquired even more of the token.

BitMine Immersion Technologies announced it has acquired 126,971 tokens over the past week, the firm’s largest purchase of ethereum this year. The company’s total stockpile stands at 5.5 million, or around 4.6% of ethereum’s total supply.

“We increased our buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals,” BitMine Chairman Tom Lee said in a statement.

The acquisition comes after the crypto markets saw a broad downturn last week, with many tokens hitting multiyear lows.

Lee argued the sell-off in crypto was a “superficial take.” As artificial intelligence grows more capable, demand for hardened infrastructure is likely to increase alongside expectations that AI systems will expose flaws in centralized rails and weak decentralized protocols, according to Lee.

“We believe this actually strengthens the use case and product market fit for hardened and reliable decentralized blockchains like ethereum,” Lee said. “Thus, we believe ETH prices should not be coming under pressure.”

Meanwhile, last week ethereum ETFs saw more than $173 million in outflows, marking the fourth consecutive week of net redemptions, data from SoSoValue shows.

Joe Lubin, cofounder of ethereum and current CEO of software development firm Consensys, said the recent moves by the Ethereum Foundation, namely staff turnover and leadership changes, are not evidence of a crisis, but a necessary evolution, per a CoinDesk report. Lubin emphasized that “Ethereum is not on the decline, not at all,” even if “we are not front and center right now in terms of capital inflows, investments.”

Yaël Bizouati-Kennedy

Strategy makes big bitcoin buy after period that ranked “among the worst weeks of the decade”

The digital asset stockpiler reversed course from its small sale and purchased $101 million worth of bitcoin.

Bitcoin Conference 2023

Zcash nosedives after counterfeit vulnerability revealed

The privacy-focused cryptocurrency has dropped more than 40% in the last 24 hours, shedding $3.8 billion in market capitalization.

Zcash coins on blue background.

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