Trump Media Bets Big on Bitcoin

CRYPTO
Trump Media Bets Big on Bitcoin

Trump Media & Technology Group (DJT), the parent company of Truth Social, has secured a $2.44 billion capital raise with the goal of becoming a major corporate holder of Bitcoin. The company sold approximately $1.44 billion in common shares and $1 billion in convertible notes to around 50 institutional investors. Led by Yorkville Securities and Clear Street, with Cantor Fitzgerald as advisor, the offering marks a significant step into crypto finance.

According to a company statement, net proceeds of $2.32 billion will be used to purchase Bitcoin for its treasury. Crypto.com and Anchorage Digital will manage custody. This mirrors a strategy popularized by MicroStrategy, which financed over $60 billion in BTC using equity and debt.

Trump Media has also revealed plans to enter the crypto ETF space, aiming to collaborate with Crypto.com on digital asset investment products. DJT shares rose over 5% following the announcement.

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FINANCE
Stocks Hold Despite Trade Tensions

U.S. stock markets ended Friday mostly unchanged, even as former President Donald Trump accused China of violating a recent trade agreement. The S&P 500 slipped 0.02%, the Nasdaq fell 0.4%, and the Dow rose just 0.1%. Trump posted on Truth Social that China had “totally violated” a deal negotiated by Treasury Secretary Scott Bessent two weeks earlier in Switzerland, which paused tariffs and reduced trade taxes on both sides. Trump didn’t provide evidence for the claim.

The accusation came just after a federal court ruled he had overstepped his authority in implementing sweeping tariffs announced on April 2, dubbed “Liberation Day.” However, a federal appeals court has allowed some of the tariffs to remain in place during ongoing litigation.

Despite the uncertainty, the S&P 500 is up 2.2% for the week. Trump also announced a delay on proposed tariffs targeting European exports, pushing the implementation date to July 9.

CRYPTO
Stablecoins Dominate Bitcoin 2025 Conference

At Bitcoin 2025 on the Las Vegas Strip, the spotlight unexpectedly shifted from Bitcoin to stablecoins — dollar-pegged digital tokens that are rapidly reshaping U.S. financial and political landscapes. Vice President JD Vance made history as the first sitting VP to address the Bitcoin community, calling crypto a “movement” and declaring stablecoins a key strength of the U.S. dollar.

Momentum is growing for stablecoin regulation, centered around the GENIUS Act — the Senate’s first comprehensive digital asset framework. Lawmakers on both sides of Congress, including Sen. Cynthia Lummis and Rep. Bryan Steil, are pushing to pass legislation that would solidify U.S. dominance in global finance through stablecoin integration.

Tether, the world’s largest stablecoin issuer, now rivals global buyers of U.S. Treasuries, while traditional banks prepare to launch their own digital dollars. Under President Trump’s administration, the SEC is retreating from aggressive enforcement, signaling a new era of institutional crypto adoption.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.