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  • BTC reclaims $110k as Trump Media announces $2.5B Bitcoin treasury

    BTC reclaims $110k as Trump Media announces $2.5B Bitcoin treasury

    Trump Media Plans To Buy Bitcoin

    • Trump Media and Technology Group has announced it is raising $2.5 billion to buy Bitcoin (BTC).
    • Bitcoin price rose slightly amid the news, reclaiming the $110k level.
    • Trump Media, a Donald Trump-linked company, has entered into agreements with 50 institutional investors to raise the funds.

    Trump Media and Technology Group, a Donald Trump-linked company that’s publicly traded in the US, has announced it’s raising $2.5 billion to invest in Bitcoin (BTC).

    Bitcoin price, which had hovered around $109k before the news, jumped to above $110,000 as bulls looked to reclaim the upper hand.

    The news comes as Bitcoin 2025, a major Bitcoin conference, begins in Las Vegas, with Trump sons Eric and Trump Jr expected as speakers.

    Trump Media eyes $2.5 billion Bitcoin treasury

    Nasdaq and NYSE Texas-listed Trump Media, trading under the ticker DJT, is the operator of Trump’s social media app Truth Social as well as streaming platform Truth+ and financial technology firm Truth.Fi.

    On Tuesday, the company revealed plans to raise $2.5 billion from 50 institutional investors, with subscription agreements targeting $1.5 billion of Trump Media common stock and $1 billion in convertible senior secured notes.

    The funds raised from this private placement offering will close on May 29, 2025.

    According to the announcement, the proceeds of the offering will be used to adopt a Bitcoin treasury.

    “We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets. Our first acquisition of a crown jewel asset, this investment will help defend our Company against harassment and discrimination by financial institutions,” said Devin Nunes, chief executive officer and chairman of Trump Media.

    BTC on the balance sheet

    Adding Bitcoin to the Trump family-owned company’s balance sheet will see it join other publicly-traded companies that now hodl billions of dollars worth of the digital asset.

    The biggest player in this corporate frenzy for BTC is Strategy, which has amassed over $40 billion in BTC since first buying it in 2020.

    The surge in spot Bitcoin exchange-traded funds (ETFs) has also seen BlackRock gobble up thousands of BTC as inflows mount.

    Crypto.com and Anchorage Digital are Trump Media’s custody providers as it embarks on this BTC treasury venture.

    Other companies to help TMTG are Yorkville Securities and Clear Street as co-lead placement agents, and Cantor Fitzgerald as financial advisor.

    Bitcoin price changed hands around $110,065 at the time of writing, just 1.7% off its all-time high of $111,970 reached on May 22, 2025.

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  • Taiwan eyes Bitcoin as hedge against inflation and US Treasury exposure

    Taiwan eyes Bitcoin as hedge against inflation and US Treasury exposure

    Taiwan eyes Bitcoin as hedge against inflation and US Treasury exposure

    • Lawmaker Ko Ju-Chun suggests adding Bitcoin to national reserves.
    • Taiwan has 423 metric tons of gold in its asset base.
    • New Hampshire in the US passed a law to include Bitcoin in state reserves.

    Taiwan is considering a significant policy shift—one that could see Bitcoin join its national reserves.

    Faced with inflationary pressure, global trade tension, and increasing reliance on US Treasury bonds, the country is now questioning whether its financial buffers are truly secure.

    Legislator Ko Ju-Chun recently proposed the inclusion of Bitcoin in the central bank’s reserve mix, citing its decentralised nature and fixed supply as a strategic hedge against future financial instability.

    The proposal reflects a broader reassessment of traditional reserve assets, especially as over 90% of Taiwan’s US$577 billion in foreign exchange reserves are currently tied to US Treasuries, raising concerns about diversification and liquidity during crises.

    Rising currency risks and dependency on US Treasuries

    Taiwan’s export-led economy is particularly sensitive to geopolitical shifts and inflation trends.

    With growing tensions between the US and China and the risk of supply chain disruptions, lawmakers are increasingly alert to the vulnerabilities of the New Taiwan Dollar (NTD).

    Currently, Taiwan holds 423 metric tons of gold and nearly all its foreign exchange in US dollar-denominated assets.

    Analysts note that while these have been historically reliable, their over-concentration exposes the country to US monetary policy and potential sanctions should relations deteriorate.

    In an address to parliament, Ko Ju-Chun highlighted that Taiwan needs “strategic flexibility” in how it manages its reserves, especially under scenarios of financial decoupling or restricted access to dollar markets.

    Bitcoin floated as a hedge, not a replacement

    The core of the proposal is not to upend Taiwan’s current reserve strategy but to diversify it.

    Ko’s plan calls for allocating a small percentage of Taiwan’s reserves to Bitcoin, which he argues would provide an uncorrelated asset that is globally accessible and cannot be arbitrarily inflated.

    Bitcoin’s fixed supply of 21 million tokens, combined with its decentralised ledger system, is a key reason why it is being considered.

    According to Professor Liu Yiru of National Taiwan University, these features make it particularly resistant to inflationary dilution—unlike fiat currencies, which central banks can expand during economic shocks.

    Former Premier Chen Cong also weighed in, stating that although Bitcoin may not serve as a transactional currency at scale, its role as a digital store of value could help safeguard Taiwan’s financial sovereignty.

    Global momentum for Bitcoin reserves

    Taiwan’s deliberation comes at a time when other governments are also experimenting with Bitcoin at the state level.

    In the US, New Hampshire recently passed the Bitcoin Reserve Act, allowing the inclusion of the digital asset in its state reserves.

    The move has prompted discussions in other American states and emerging markets facing high inflation or currency instability.

    While Taiwan has yet to formalise any such measure, the conversation signals a shift in how policymakers view crypto-assets, not merely as speculative investments but as potential components of national financial infrastructure.

    In addition to legislative interest, Ko suggested that a task force be set up to study the feasibility, volatility, and custodial risks associated with Bitcoin reserves.

    The central bank has not publicly responded to the proposal, though it is expected to be discussed further in upcoming budget and monetary policy reviews.

    The broader context of these debates also includes Taiwan’s need to balance its strong technological sector with the risks posed by its geopolitical location.

    Diversifying reserve assets may serve not only economic goals but also broader strategic autonomy.

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  • Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

    Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

    Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

    • Bitcoin surged past $87,700, fueled by a weakening US dollar and potential US Treasury buybacks.
    • Arthur Hayes predicts Treasury buybacks could be a “bazooka,” pushing BTC past $100K (“last chance” below).
    • Weak dollar (lowest since March 2022) and rising gold correlation support Bitcoin’s appeal.

    Bitcoin’s recent climb, momentarily cresting $87,700, is drawing significant attention, with prominent analysts pointing towards macroeconomic shifts and potential government actions as key drivers that could propel the cryptocurrency well beyond the $100,000 threshold.

    The convergence of a weakening US dollar, anticipated US Treasury debt buybacks, and sustained institutional interest is painting an increasingly bullish picture for the digital asset.

    Macro tailwinds: dollar dips, treasury ‘bazooka’ eyed

    A primary factor supporting Bitcoin’s ascent is the declining value of the US dollar, which recently touched lows not seen since March 2022.

    As the dollar weakens, assets like Bitcoin often become more appealing to global investors seeking a hedge against fiat currency devaluation.

    Adding potent fuel to this narrative is the prospect of the US Treasury repurchasing its own debt.

    Arthur Hayes, the influential co-founder of BitMEX and current CIO of Maelstrom, has highlighted this potential move as a significant catalyst.

    He posited that upcoming Treasury buybacks could inject substantial liquidity into the financial system, effectively acting as a “bazooka” for Bitcoin’s price.

    Hayes went so far as to suggest this period might represent the “last chance” for investors to acquire Bitcoin below the $100,000 mark, anticipating that these buybacks could easily push the price past that psychological barrier.

    Technical signals and institutional trust bolster case

    The bullish sentiment finds resonance in technical analysis and continued institutional adoption.

    Ryan Lee, Chief Analyst at Bitget Research, noted that Bitcoin’s price chart recently completed a “descending wedge breakout,” a technical pattern often interpreted as supportive of further upward movement.

    This technical picture is complemented by Bitcoin’s growing correlation with gold, another traditional safe-haven asset, which itself has surged nearly 30% this year.

    Furthermore, global institutional appetite for Bitcoin appears unwavering despite recent price volatility.

    Reports indicate that investment firms, notably from Japan and the UK, have maintained their commitment, channeling capital into the cryptocurrency.

    This sustained institutional inflow signals enduring confidence in Bitcoin’s long-term value proposition.

    Analysts eye six-figure targets amid fiat expansion

    As Bitcoin tests resistance levels nearing $90,000, some analysts are setting their sights considerably higher.

    Jamie Coutts of Real Vision forecasts that expanding fiat money supply (M2) could drive Bitcoin to as high as $132,000 by the end of the year.

    This projection finds company with analysis from economist Timothy Peterson, who, citing historical market patterns, suggests Bitcoin could potentially reach $138,000 within the next three months.

    Political pressures add fuel to the fire

    The intricate macroeconomic picture is further complicated by the political landscape.

    President Donald Trump’s public calls for the removal of Federal Reserve Chair Jerome Powell have intensified market expectations of potential interest rate cuts.

    Such cuts, aimed at stimulating the economy, would likely exert further downward pressure on the US dollar, potentially creating an even more favorable environment for Bitcoin’s price appreciation.

    A note of caution amidst the bullish chorus

    Despite the confluence of positive indicators, some market observers urge caution regarding short-term price action.

    Analyst Michaël van de Poppe warned that weekend rallies can sometimes prove ephemeral and that Bitcoin might face a pullback before decisively conquering key resistance zones.

    The $91,000 level is widely seen as the next significant hurdle.

    Until Bitcoin firmly establishes itself above this mark, the possibility of short-term corrections remains.

    Nonetheless, the combination of weakening fiat dynamics, anticipated liquidity injections via Treasury buybacks, robust institutional support, and supportive technical patterns creates a compelling narrative for Bitcoin’s continued ascent towards, and potentially well beyond, the $100,000 milestone.

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  • REX Shares launches REX Bitcoin Corporate Treasury Convertible Bond ETF

    REX Shares launches REX Bitcoin Corporate Treasury Convertible Bond ETF

    REX Shares launches REX Bitcoin Corporate Treasury Convertible Bond ETF

    • REX Shares has launched BMAX ETF for Bitcoin treasury bonds.
    • BMAX offers debt stability and equity upside via Strategy.
    • The fund carries risks like volatility and regulatory scrutiny.

    On March 14, 2025, REX Shares, a Miami-based innovator in exchange-traded products, unveiled a groundbreaking financial instrument: the REX Bitcoin Corporate Treasury Convertible Bond ETF, trading under the ticker NASDAQ: BMAX.

    This first-of-its-kind fund offers investors a unique opportunity to tap into convertible bonds issued by companies that hold Bitcoin (BTC) on their balance sheets.

    With Bitcoin’s price climbing 2.1% to $83,400 and Strategy (formerly MicroStrategy) gaining 5.1% in morning trading on launch day, the timing underscores growing interest in Bitcoin-linked corporate strategies.

    A convertible Bitcoin treasury bond for retail investors

    The concept behind BMAX traces back to a playbook pioneered by Michael Saylor, Chairman of Strategy. His company famously began stacking Bitcoin on its balance sheet, funding the purchases partly through convertible bonds and new stock offerings.

    Other firms followed suit, creating a niche asset class that blends the stability of debt with the growth potential of equity.

    However, until now, these bonds were largely out of reach for individual investors, locked behind complex market barriers. BMAX changes that, packaging this strategy into a single, actively managed ETF that simplifies access for retail investors and advisors alike.

    Greg King, CEO of REX Financial, hailed the launch of the REX Bitcoin Corporate Treasury Convertible Bond ETF as a milestone. “BMAX is the first ETF giving everyday investors a shot at convertible bonds tied to companies embracing Bitcoin as a treasury asset,” he said.

    With over $6 billion in assets under management, REX is no stranger to alternative-strategy ETFs, and BMAX fits squarely into its mission of delivering innovative exposure. The fund’s concentrated focus zeroes in on issuers like Strategy, a heavyweight in Bitcoin-backed debt, offering a regulated way to ride the crypto wave without directly owning Bitcoin.

    What sets BMAX apart is its hybrid appeal. Convertible bonds, by nature, carry traits of both debt and equity. They provide a steady income stream like traditional bonds but can convert into stock, capturing upside if the issuing company’s share price soars—say, on a Bitcoin rally.

    For investors wary of Bitcoin’s wild price swings, BMAX offers a more conservative entry point, balancing debt’s relative calm with equity’s potential kick. It’s a middle ground for those intrigued by crypto but hesitant to dive in headfirst.

    BMAX’s risks

    Still, BMAX isn’t without its hazards. The fund’s prospectus lays out a laundry list of risks, from Bitcoin’s notorious volatility to the unique challenges faced by companies like Strategy.

    These “Bitcoin Corporate Treasury Companies” grapple with speculative hype, regulatory scrutiny, and accounting quirks—like impairment losses when the Bitcoin (BTC) price dips.

    Strategy, a key holding due to its outsized market cap, adds its own layer of risk, tied to both its Bitcoin hoard and its legacy software business.

    Interest rate shifts, liquidity concerns, and even tax implications (BMAX is taxed as a C-corporation, unlike most ETFs) further complicate the picture.

    However, despite the risks, BMAX signals a maturing crypto market where indirect exposure is gaining traction. Distributed by Foreside Fund Services, LLC, and backed by REX’s expertise, the ETF opens a door to a strategy once reserved for institutional players.

    As Bitcoin cements its role in corporate treasuries, BMAX offers a fresh lens on the intersection of traditional finance and digital assets—proving that innovation, even in ETFs, keeps pace with a fast-evolving world.

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  • KULR launches Bitcoin treasury with $21m BTC purchase

    KULR launches Bitcoin treasury with $21m BTC purchase

    • The $21 million BTC purchase follows the KULR’s announcement on Dec. 4.
    • Other companies to launch a Bitcoin treasury strategy in recent weeks include Rumble, Marathon Digital, Semler Scientific and Thumzup.
    • MicroStrategy is the biggest corporate holder of Bitcoin with over 444k BTC

    KULR Technology Group, Inc., listed on the New York Stock Exchange, is the latest tech company to adopt Bitcoin as a treasury asset.

    A few weeks after the energy management platform announced plans to add BTC to its treasury, the company announced on Dec. 26 that it had officially begun the initiative. KULR said in a press release that its first purchase involved 217.18 bitcoin acquired for $21 million.

    KULR’s bitcoin bag was acquired at the average purchase price of $96,556.53 per BTC.

    On Dec. 4, when the publicly-listed company disclosed its Bitcoin treasury strategy, it revealed plans that included allocating up to 90% of the firm’s surplus cash to the flagship cryptocurrency.

    With sentiment extremely bullish amid the anticipation around pro-crypto Donald Trump’s administration, several companies have adopted or disclosed plans to add BTC to their treasury strategies..

    These include Rumble, Boyaa Interactive, Thumzup and BTC miner Marathon Digital.

    Metaplanet became known as ‘Asia’s MicroStrategy’ after adopting the BTC strategy to lead the Asian charge. MicroStrategy has regularly bought Bitcoin since its first purchase in 2020, and currently holds 444,262 BTC acquired for over $27 billion.

    “The $21 million of BTC purchased since the announcement is the first of ongoing purchases the Company intends to make going forward,” KURL noted in its announcement on Boxing Day. Coinbase Prime will offer custody and wallet services for KURL’s haul of BTC.

    Bitcoin traded around $95,670 at the time of writing, about 3% down in the past 24 hours.

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  • Microsoft shareholders reject Bitcoin treasury proposal

    Microsoft shareholders reject Bitcoin treasury proposal

    • Microsoft shareholders have voted against the proposal that sought to have the tech giant add Bitcoin to its balance sheet.
    • The vote on Tuesday, December 10, 2024, followed the proposal by the National Center for Public Policy Research, and came after MicroStrategy founder and Chairman Michael Saylor added to the call for Microsoft to adopt a Bitcoin treasury via a presentation.

    On Dec. 10, details on the vote indicated Microsoft shareholders had rejected the proposal – meaning one of the world’s most valuable companies is not primed to add BTC to its treasury any time soon. Microsoft will not now take time to study the option of having the world’s largest cryptocurrency by market cap as part of its diversified portfolio.

    Saylor, whose company is the largest corporate holder of Bitcoin after a buying spree that started in 2020, said last week that Microsoft had the potential to add trillions of dollars to its market cap if it invested in the flagship digital asset.

    MicroStrategy acquired an additional 21,550 BTC worth $2.1 billion on Dec. 9, bringing its total haul 423,650 BTC bought for approximately $25.6 billion.

    Microsoft board urged shareholders to vote down proposal

    The “Assessment of Investing in Bitcoin” proposal by the National Center for Public Policy Research advocated for a 1% outlay of Microsoft’s assets into BTC. According to the proposal, the company should have weighed whether diversifying with Bitcoin to hedge against inflation was in the best interests of shareholders.

    Saylor offered a 3-minute presentation to Microsoft’s Board of Directors and the chairman and CEO Satya Nadella. The Bitcoin bull explained why taking this approach would have been the right thing for the company.

    The preliminary results of the shareholders’ vote means Microsoft could adopt this strategy at a time when BTC price will be much higher than the current $97k. The company’s board had last month asked shareholders to reject the proposal.

    Despite the outcome of the vote, some in the crypto industry are bullish on what it means to have such a proposal in place.

    Notably, the National Center for Public Policy Research has also submitted a similar proposal to Amazon.

    MSFT shares traded around $446.98 at the time of writing, with the performance largely flat on the day.  Bitcoin price fell below $95,000 on the news, reaching lows of $94,550. However, BTC was back above $95k at the time of writing as bulls target a retest of the psychological $100k level.

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  • Bitfinex Securities launches first tokenized US Treasury bill in El Salvador

    Bitfinex Securities launches first tokenized US Treasury bill in El Salvador

    • Bitfinex Securities is teaming up with NexBridge to bring a tokenized US Treasury bill to El Salvador.
    • USTBL leverages Bitcoin’s technology of Liquid Network and Blockstream AMP.
    • Proceeds of the $30 million initial raise are to be allocated in iShares Treasury Bond 0-1yr UCITS ETF, per the announcement.

    Bitfinex Securities and NexBridge, a digital asset issuer focused on tokenization of financial assets, have teamed up to launch the first tokenized US Treasury bill in El Salvador.

    The tokenized T-bill, USTBL, leverages Bitcoin technology. Specifically, the issuers are leveraging the flagship digital asset’s Liquid Network and Blockstream AMP, an asset management platform that allows users to issue and manage crypto assets on the Liquid Network.

    Subscriptions for the USTBL open on Nov. 19

    According to a press release, the product will have an initial offering soft capped at $30 million, and will offer investors access to US Treasury returns in USD. USTBL is backed by iShares Treasury Bond 0-1yr UCITS ETF, the short-term Treasury bond ETF of asset management giant BlackRock.

    Initial subscriptions open on November 19, 2024, and closes on November 29. However, investors will also get access via further subscription windows. Subscriptions are initially available in the stablecoin Tether (USDT), while the issuers have plans to add support for Bitcoin (BTC).

    “The inclusion of USTBL tokens in investment portfolios will enable investors to balance digital asset exposure with the stability of traditional finance, offering a new level of diversification that can help reduce overall portfolio risk,” Jesse Knutson, head of operations at Bitfinex Securities, said in a statement.

    Michele Crivelli, founder of NexBridge, added:

    “By leveraging Bitcoin’s technology and infrastructure, we’re laying the foundation for a globally accessible financial ecosystem, bringing tokenized U.S. Treasuries to investors worldwide while maintaining full regulatory compliance.”

    This launch comes amid massive traction across real-world assets tokenization. The RWA on-chain market has grown rapidly with products such as funds, bonds and credit.

    According to rwa.xyz, the global RWA market is currently over $13 billion, with tokenized US treasuries, bonds and cash equivalents at $2.4 billion.

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