Trump Media goes all in on Bitcoin — literally

🇺🇸 Trump Media is putting $2.5 billion into Bitcoin

And it comes just a day after they denied it.

Trump Media has officially confirmed it raised $2.5 billion from around 50 institutional investors, and plans to put the entire amount into Bitcoin. The announcement comes only 24 hours after the company publicly dismissed reports of a $3 billion BTC buy.

The funds were raised through a mix of:

• $1.5 billion in stock sold at market price

• $1 billion in zero-interest convertible notes with a 35% premium

The deal is expected to close by May 29.

Why Bitcoin?

CEO Devin Nunes said Bitcoin will now be a key part of Trump Media’s financial strategy. According to him, BTC will help protect the company from what he called "financial discrimination" and support new products like:

• Subscription payments in crypto

• A utility token

• Other features across their ecosystem (Truth Social, Truth+, and Truth.Fi)

This isn’t a short-term play.

 The Bitcoin will be held in custody by Crypto.com and Anchorage Digital, which suggests this is a long-term treasury decision rather than a speculative bet.

The company already had $759 million in cash and short-term investments before this raise, making this a major expansion not a desperate move.

Big players behind the scenes:

• Financial advisors and placement agents include Yorkville, Clear Street, BTIG, Cohen & Co, and Cantor Fitzgerald

• Legal firms involved are Nelson Mullins (for Trump Media) and Reed Smith (for the agents)

Zooming out

The Trump family has already dabbled in crypto with NFTs, meme coins, and mining ventures. But this move makes Bitcoin part of the company’s core identity.

Not everyone is thrilled. Senator Elizabeth Warren has already questioned the SEC about Trump-linked ETFs and whether there are potential conflicts of interest. With Trump Media moving deeper into digital assets, expect the political heat to rise alongside the market exposure.

📚 Read also: Elon Musk is reportedly disappointed in Trump’s “big, beautiful bill”

Elon Musk’s coalition with Donald Trump was arguably one of the most influential events that turned the tide of the election and ascertained Trump’s victory. It was a team America did not know it needed, but that coalition now seems to be nearing its end.

🏛️ Regulation Watch

US may buy more Bitcoin, says White House crypto czar

The United States could soon start buying Bitcoin,  legally and without raising taxes.

Speaking at the Bitcoin 2025 conference, White House senior advisor David Sacks said the Trump administration now has a clear legal pathway to acquire more Bitcoin under an executive order signed earlier this year.

The plan is tied to the Strategic Bitcoin Reserve, a program launched in March that allows the government to hold BTC from criminal seizures. But according to Sacks, the order also leaves room for future Bitcoin purchases, as long as they don’t increase the national debt.

“If Commerce or Treasury can fund it using existing budgets, they’re authorized to do it,” Sacks told the Winklevoss twins during a fireside chat.

Cabinet secretaries like Commerce Secretary Howard Lutnick or Treasury Secretary Scott Bessent could potentially repurpose federal funds to make it happen. Sacks made it clear there’s no guarantee this will happen soon — but the legal go-ahead is already in place.

Energy, AI, and Bitcoin

Sacks also linked Bitcoin to another top priority for the Trump administration: energy expansion. He said that the future of AI and crypto both depend on domestic energy production, whether it’s powering GPUs for AI or ASICs for Bitcoin mining.

“We need a lot more power to fuel the future of AI and crypto,” he said, echoing Trump’s energy mantra: “Drill, baby, drill — and build, baby, build.”

Other key crypto moves by the administration:

• Pardoned Ross Ulbricht, the founder of Silk Road

• Banned CBDC development in the US

• Shut down Operation Choke Point 2.0

• Launched the President’s Working Group on Digital Assets

• Hosted the first White House Digital Assets Summit

Sacks also didn’t hold back on politics. He criticized the now-defunded Consumer Financial Protection Bureau (CFPB), calling it “Elizabeth Warren’s personal goon squad to terrorize crypto companies.”

📚 Read also: GameStop adds 4,710 Bitcoins to its balance sheet for $512 million of $1.4 billion raised

GameStop has officially confirmed the purchase of 4,710 Bitcoins for $513 million using cash raised through debt financing, according to a press announcement by the company on Wednesday.

📈 Market Watch

Most new crypto users start with meme coins. The smart money still prefers ETFs.

Before touching Bitcoin or Ethereum, a surprising number of new investors are starting with meme coins.

That’s one of the key insights from Gemini’s 2025 report, which shows that meme coins are often the first stop for crypto beginners. They’re cheap, fun, and all over social media, making them the perfect entry point for learning how wallets, swaps, and tokenomics work.

• In the U.S., 31% of first-time crypto buyers started with meme coins

• Globally: 30% in Australia, 28% in the UK, 23% in Singapore, 22% in Italy, 19% in France

But this isn’t just about hype. Over 94% of meme coin holders eventually move into more established assets like BTC and ETH, showing meme coins are more of a gateway than an end goal.

Tron founder Justin Sun added that the real draw is attention.

“If you get attention from everybody, you can actually control the universe,” he said.

Meanwhile, ETFs are quietly soaking up serious capital.

Gemini’s report found that 39% of U.S. crypto investors now hold assets through ETFs, up from 37% in 2024.

• 25% use both an ETF and a crypto exchange wallet

• 14% rely on ETFs alone

• In May, Bitcoin spot ETFs pulled in $5.77 billion — the highest monthly inflow since late 2024

• BlackRock’s IBIT increased its BTC holdings by 25%, now holding over 2.1 million shares worth nearly $1B

📚 Read also: The US national debt won’t be wiped until the dollar crashes like it never has before

The United States is staring at a brutal truth in 2025: its $918 billion trade deficit isn’t going anywhere unless the dollar drops harder than it ever has, and President Donald Trump’s White House seems fully aware of what it’ll take.

💼 Web3 Jobs

This week, Cryptopolitan rounded up 10 Web3 job openings from teams like FalconX, Near, Alchemy, and Stellar.

• Senior Cloud Security Engineer – FalconX
  5+ yrs | $126K–$150K | Remote
  Work on cloud and infrastructure security at one of crypto’s leading institutional platforms.

• Fullstack Engineer – Bitpanda
  5+ yrs | $115K–$126K | Remote
  Build end-to-end web3 products using React, TypeScript, and Next.js at Europe’s crypto unicorn.

• Software Engineer (Front-End Web3) – Aztec
  3+ yrs | $104K–$116K | Remote
  Shape the future of privacy-first web apps with Aztec’s cutting-edge zk tech.

• Social Media Lead – Near Foundation
  2+ yrs | $88K–$110K | Remote
  Lead content and community strategy for one of the most active Layer-1 ecosystems.

• Head of Payments Business Development – Stellar
  10+ yrs | $255K–$385K | Remote
  Drive global partnerships at Stellar as it scales real-world payment use cases.

👉 If you’re job hunting, give this list a scroll. One of them might be for you.

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