Trump Media Plans $3B Crypto Bet

CRYPTO
Trump Media Plans $3B Crypto Bet

Trump Media and Technology Group (DJT), which runs Truth Social, is reportedly planning to raise $3 billion to invest in crypto assets, according to Financial Times. The capital raise is expected to include both equity and convertible bond offerings and may be announced at this week’s Bitcoin 2025 event in Las Vegas.

Earlier this year, Trump Media revealed plans to launch a financial services platform centered on cryptocurrencies and exchange-traded funds (ETFs). The company also aims to partner with Crypto.com to help roll out these ETF offerings.

This move follows a broader trend of public companies adding bitcoin and other digital assets to their balance sheets. Inspired by firms like MicroStrategy, which now holds over $62 billion in BTC, Trump Media’s strategy signals a growing interest in crypto among corporate players.

If confirmed, this capital raise could position DJT as a significant new player in the digital asset space.

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TECH
Nvidia And Wallenberg Unite for AI

Nvidia Corp. is teaming up with several major Swedish firms backed by the Wallenberg family to launch a new artificial intelligence venture in Sweden. The initiative aims to build the largest enterprise AI supercomputer in the country, according to a joint statement. Participating companies include AstraZeneca, Ericsson, Saab, SEB, and Wallenberg Investments AB.

As part of the plan, Nvidia will also open its first AI technology center in Sweden to drive industrial research and innovation. CEO Jensen Huang said this project will lay the groundwork for scientific, industrial, and societal breakthroughs.

Saab announced it will use AI to speed up the development of advanced defense technologies. Other partners also committed to integrating AI into their operations.

Marcus Wallenberg, chairman of Wallenberg Investments, emphasized the long-term value of this effort, citing potential spillover benefits. The Wallenberg foundations currently channel over $287 million annually into research and education across the Nordic region.

TECH
Tesla Sales Plunge in Europe

Tesla’s vehicle sales in Europe fell sharply in April, with just 7,261 units sold — a 49% drop compared to the same month last year, according to the European Automobile Manufacturers’ Association (ACEA). This decline comes despite overall battery electric vehicle sales in Europe rising over 34% year-on-year.

The slump follows months of reputational damage tied to CEO Elon Musk’s political involvement with former U.S. President Donald Trump, which sparked protests at Tesla dealerships across Europe. From January to April, Tesla’s European sales dropped nearly 40% year-on-year.

While Tesla launched an upgraded Model Y this year, the rest of its lineup is aging, with no new mass-market vehicle announced. Meanwhile, competition is intensifying from both legacy automakers and fast-growing Chinese brands like BYD, which recently outsold Tesla in Europe.

Tesla also lacks hybrid vehicles, a segment now accounting for over 35% of the European market. Investors are increasingly questioning Musk’s focus amid his growing political roles.

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.