Trump Media & Technology Group Raises $2.5B for Bitcoin Treasury; Strive Secures $750M for Bitcoin Acquisitions
Key Takeaways
- Trump Media raises $2.5B for Bitcoin treasury; Crypto.com and Anchorage provide custody.
- Strive closes $750M round to fund Bitcoin buys, eyeing $7.9B Mt. Gox claims.
- Cantor debuts Bitcoin lending with $2B financing; Maple Finance and FalconX among first users.
- Blockchain Group issues $71.9M bond to expand Bitcoin treasury, targeting 1,437 BTC.
- Exodus unveils Bitcoin debit card, enabling crypto spending anywhere Mastercard is accepted.
Top Stories
Trump Media raises $2.5B for Bitcoin treasury
On May 27, 2025, Trump Media and Technology Group (DJT) announced a $2.5 billion capital raise to establish a Bitcoin treasury, issuing $1.5 billion in common stock and $1 billion in convertible senior secured notes. The offering is expected to close on May 29, 2025, with Crypto.com and Anchorage Digital providing custody services. DJT initially jumped 10% in premarket trading but later declined, while Bitcoin traded slightly above $110,000.
Strive closes $750M round for Bitcoin buys
On May 27, 2025, Strive closed a $750 million private investment in public equity (PIPE) round, with an option for another $750 million, to fund its initial Bitcoin acquisitions. The PIPE was priced at $1.35 per share, a 121% premium over ASST’s pre-announcement closing price. Strive is eyeing $7.9 billion worth of Mt. Gox Bitcoin claims and plans to go public via a merger with Asset Entities (ASST).
Cantor debuts Bitcoin lending with $2B financing
On May 27, 2025, Wall Street investment bank Cantor launched its Bitcoin lending business with an initial $2 billion in financing. Maple Finance and FalconX were among the first firms to utilize Cantor's credit facility, as institutions seek diverse funding sources for their Bitcoin holdings, according to Christian Wall, co-CEO of Cantor.
Blockchain Group issues $71.9M bond for Bitcoin treasury
On May 27, 2025, The Blockchain Group (ALTBG), a Paris-listed firm, announced the issuance of 63.3 million euro ($71.9 million) in convertible bonds through its Luxembourg subsidiary to expand its Bitcoin treasury strategy. Moonlight Capital subscribed to a $5.7 million BTC-denominated bond at a 30% premium. The capital inflows are expected to fund the acquisition of 590 BTC, potentially increasing their holdings to approximately 1,437 BTC.
Exodus unveils Bitcoin debit card at BTC Vegas
On May 27, 2025, Exodus Movement and Baanx announced the launch of an Exodus debit card at the BTC Vegas conference, enabling Exodus users to spend their crypto anywhere Mastercard is accepted. Beta testing of the virtual Exodus card began at the conference, starting with USDT and USDC.
Adoption News
Steak n’ Shake sees reduced fees with Bitcoin payments
On May 27, 2025, Steak n’ Shake COO Dan Edwards reported that accepting Bitcoin payments has halved processing fees. On May 16, 2025, the day Steak n’ Shake began accepting Bitcoin, one in every 500 Bitcoin transactions globally occurred at the restaurant.
KindlyMD acquires 21 Bitcoin for $2.3 million
On May 27, 2025, KindlyMD Inc. acquired 21 Bitcoin for approximately $2.3 million as part of its treasury strategy. The merger between KindlyMD and Nakamoto Holdings is expected to close in the third quarter of 2025. David Bailey, founder and CEO of Nakamoto Holdings, stated their goal to own 1,000,000 Bitcoin.
Bitcoin Insights
Bitcoin 2025 conference underway in Las Vegas
The Bitcoin 2025 conference, hosted by BTC Inc., commenced in Las Vegas on May 27, 2025, and will run until May 29, 2025, at The Venetian Resort, expecting over 30,000 attendees. The conference features discussions on regulatory reforms and technological standards, a segment called 'Code + Country,' and an art exhibit named 'The Art of Freedom.' Square is piloting Bitcoin payments via the Lightning Network at the conference.
DDC Enterprise publishes Bitcoin Manifesto
On May 27, 2025, DDC Enterprise published a Bitcoin Manifesto authored by its Founder and CEO, Norma Chu.
Price Watch
Long-term holders add Bitcoin; $200K, $115K price predictions
On May 26, 2025, U.Today reported that long-term holders added $32.9 billion in Bitcoin, potentially driving the price to $200K in 2025. Separately, on the same day, a prediction surfaced that Bitcoin would reach $115,000.
Possibility of Bitcoin reaching $10 million discussed
On May 27, 2025, an article explored the potential for Bitcoin to reach $10 million, featuring an explanation by Samson Mow.
Bitcoin's quantum vulnerability and price updates
On May 27, 2025, reports highlighted Bitcoin's vulnerability to quantum attacks due to its use of elliptic curve cryptography (ECC). The Bitcoin price was reported at $109,078.90, down by 0.15%. Project 11 launched a public bounty offering 1 BTC (~$85,000) to anyone able to break tiny ECC key sizes using a quantum computer, while new research suggests RSA encryption may be easier to break with quantum computers than previously thought.
Bitcoin price flat at ~$110k; pullback to $100k possible
On May 27, 2025, reports indicated Bitcoin's price remained flat around $109.7k after reaching a record high. However, technical signals suggest a potential pullback to $100K, with a bearish divergence noted in the 30-day rate of change (ROC).
Regulation Front
Marathon Digital CEO suggests U.S. mine Bitcoin
On May 27, 2025, at Bitcoin 2025 in Las Vegas, Marathon Digital Holdings CEO Fred Thiel proposed that the U.S. government should mine Bitcoin to bolster its strategic reserve, potentially utilizing excess hydroenergy.
Tech Advancements
Bitlayer partners with mining pools for Bitcoin DeFi
On May 27, 2025, Bitlayer partnered with Antpool, F2Pool, and SpiderPool to promote BitVM, a technology enabling Bitcoin-native DeFi. The partnership supports non-standard transactions (NSTs), crucial for BitVM's deployment, with the pools serving as guardians of the BitVM Bridge. Kevin He, co-founder of Bitlayer, and Andy, CEO of Antpool, highlighted the benefits of BitVM for on-chain validation and miner revenue.
Sati launches Lightning integration with Xverse wallet
On May 27, 2025, Sati announced the launch of its Lightning integration with Xverse, a Bitcoin wallet used by over 1.5 million people, enabling instant satoshi transactions. Every Xverse user now gets a Lightning Address instantly. Sati expects USDT on Lightning to be supported as early as Q3 2025 for the Xverse wallet and in July 2025 for users accessing Sati through WhatsApp. Parasite Pool, a new mining pool leveraging Sati and Xverse’s tech stack, charges 0% fees and pays out instantly over Lightning, and has gained over 500 users with an average pool hashrate of 5 PH/s within weeks of launch. Sati recently closed a $600K pre-seed round to support global expansion.