NiftyNoon: Trump Media Stacking Sats - $2.5 Billion Bitcoin Bet! 📰📈🟠
Following a trend of public companies building Bitcoin treasuries, Trump Media announced plans to raise $2.5 billion to buy and hold Bitcoin as a core asset (May 28, 2025)
Nifty Thought:
Trump Media & Technology Group (TMTG), the parent company of Truth Social, has officially announced a substantial $2.5 billion capital raise primarily to acquire Bitcoin for its corporate treasury. The fundraising effort comprises $1.5 billion in common stock and $1 billion in convertible notes. This strategic move, which the company initially denied when reports first surfaced, was framed by TMTG CEO Devin Nunes as embracing Bitcoin as an "apex instrument of financial freedom" and a defensive measure against perceived "discrimination by financial institutions". Following the confirmation, shares of Trump Media (DJT) saw a decline of about 10%.
This decision places Trump Media in the company of other publicly traded firms, most notably Michael Saylor's MicroStrategy, that have adopted Bitcoin as a significant treasury reserve asset, signaling a potential broader trend of corporate adoption. The move is part of Trump Media's ongoing evolution from a social media platform to a player in the financial services arena, further underscored by existing partnerships to launch crypto-related financial products. While the company's stock has been volatile and it reported significant losses in 2024 despite minimal revenue, this large-scale foray into Bitcoin could be interpreted by some as a sign of growing institutional confidence in the digital asset, especially with Bitcoin itself trading near record highs and a generally favorable crypto stance from the Trump administration. The Bitcoin acquired will be held with established crypto platforms Anchorage Digital and Crypto.com.
Highlighted News:
🇺🇸 Trump Media announces approx. $2.5B Bitcoin Treasury deal:
https://x.com/cryptosr_us/status/1927352998021222884?s=46
🟠 Strive Asset Management and Asset Entities (Nasdaq: ASST) announce $750M private investment to fund first wave of Bitcoin accumulation:
https://x.com/strivefunds/status/1927355424862339413?s=46
🔷 'SharpLink Gaming' has announced a $425 million strategic Ethereum reserve strategy:
https://x.com/sassal0x/status/1927341934290337831?s=46
⭕️ @circle has filed for an IPO on the @NYSE. The stablecoin giant's shares will trade under the ticker "CRCL":
https://x.com/coindesk/status/1927326167033356458?s=46
🖼️ @8thproject1 has officially sold out:
https://x.com/8thproject1/status/1927157127908352057?s=46
🔊 @echodotxyz announcing Sonar – a new product by Echo that lets anyone host a public token sale:
https://x.com/echodotxyz/status/1927422067801997336?s=46
Project and Community News:
iShares Bitcoin ETF with inflows 29 of past 30 days: https://x.com/nategeraci/status/1927547704319565937?s=46
BITCOIN 2025 - U.S. Senators just took the stage for “The Bitcoin Act”: https://x.com/cointelegraph/status/1927411144915923423?s=46
Senator Cynthia Lummis said US military generals are "big supporters" of a Strategic Bitcoin Reserve for economic power: https://x.com/BitcoinMagazine/status/1927414972998373776
Senator Lummis says Bitcoin Act Bill for the US to buy 1M BTC hits Congress next week: https://x.com/Tyler_Did_It/status/1927424169379041313
Maple introduces Bitcoin-backed facility with Cantor: https://x.com/maplefinance/status/1927351755429290274?s=46
Bitcoin Vegas is off to a fast start; Highlights from Day 1 so far: https://x.com/Tyler_Did_It/status/1927460247905411186
21Shares has filed for a $SUI ETF with Nasdaq: https://x.com/cw8900/status/1927338738436210921?s=46
While $HYPE is at ATHs, there are problems brewing: https://x.com/freakmycrypto/status/1927425729253327183?s=46
$DFDV's short borrow rate has dropped from 342% to 250% week-over-week: https://x.com/defidevcorp/status/1927351830033387841?s=46
@CetusProtocol shares New Progress Update: https://x.com/CetusProtocol/status/1927434763125531045
SOL Strategies has filed a preliminary base shelf prospectus, allowing for up to $1B USD in potential financings: https://x.com/solstrategies_/status/1927402949841469594?s=46
Solana is now live on MetaMask Extension: https://x.com/MetaMask/status/1927373640833585461
Announcing the XPL public sale, using Sonar by @echodotxyz: https://x.com/PlasmaFDN/status/1927370359696765241?t=
What SPS is, why it matters, performance, & how to track it: https://x.com/defidevcorp/status/1927412329186013312?s=46
Hana Studios is live: https://x.com/persona_journey/status/1927364160293093508?s=46
@9dccxyz shares letter from @gmoneyNFT: https://x.com/9dccxyz/status/1927417449437176237?s=
Kettle Mystery Box Private Sale begins May 29th: https://x.com/kettle_shop/status/1925554402443616403
Metaplanet Is Trading at $596,154 per Bitcoin—Time to Short? https://x.com/10x_research/status/1927269712477507601?s=46
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CryptoPunks #8075: 50.00 ETH
CryptoPunks #7747: 47.48 ETH
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😡 Mad Lads: 35.28 SOL (▲ 6.22%)
🦧 Bored Ape Yacht Club: 13.60 ETH (► 0.00%)
🏳🌈 Chromie Squiggles: 4.75 ETH (► 0.00%)
NFT Daily Losers:
🏴☠ Captainz: 0.44 ETH (▼ 0.03%)
🚬 CryptoPunks: 46.50 ETH (▼ 0.60%)
🐵 NodeMonkes: 0.04 BTC (▼ 0.67%)
👩🏻 Milady Maker: 2.89 ETH (▼ 1.03%)
🐧 Pudgy Penguins: 9.59 ETH (▼ 1.56%)
🧙♂️ Taproot Wizards: 0.18 BTC (▼ 2.05%)
⛩ Azuki: 2.35 ETH (▼ 2.25%)
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🐱 Quantum Cats: 0.03 BTC (▼ 3.23%)
🍭 Mocaverse: 1.58 ETH (▼ 3.92%)
🧦 Bitcoin Puppets: 0.04 BTC (▼ 5.66%)
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