Trump Media Eyes Bitcoin: $2.5B Fundraising and ETF Ambitions

Week of June 3 - 9, 2025

Trump Media and Technology Group, the parent company of former President Donald Trump’s Truth Social platform, plans to raise $2.5 billion to purchase Bitcoin (BTC) for its corporate reserves. The fundraising will include a $1.5 billion equity offering and the issuance of $1 billion in zero-interest convertible debt.

Truth Social has also filed to launch a Bitcoin ETF via NYSE Arca, a subsidiary of the New York Stock Exchange. Foris DAX Trust Company, LLC will serve as the fund’s custodian.

Bilal Bin Saqib, Chairman of Pakistan’s National Cryptocurrency Council, has announced plans to establish a National Bitcoin Strategic Reserve—taking inspiration from recent moves by the U.S. government. This marks a major shift from Pakistan’s previously cautious stance on Bitcoin.

Paolo Ardoino, CEO of Tether, revealed that the company now holds over 100,000 BTC (worth roughly $7 billion), along with more than 50 tons of gold. These holdings are part of Tether’s strategy to further strengthen the asset reserves backing USDT.

The World Foundation, the organization behind Worldcoin (WLD), has raised $135 million through token sales to leading investors including Andreessen Horowitz (a16z) and Bain Capital Crypto. The new funding will be used to scale the Worldcoin network, with a special focus on the U.S. and other global regions.

Technical Analysis

Bitcoin (BTC)

Bitcoin (BTC) has pulled back slightly after reaching a new all-time high, but with no new lower low, the trend still favors potential continued upside. The key support to watch this week is $98,000, while the first resistance target remains at $120,000.

Support: 3,300,000 THB / 98,000 USD
Resistance: 3,900,000 THB / 120,000 USD

Ethereum (ETH)

Ethereum (ETH) continues to consolidate sideways as it prepares for a possible upward move. As long as it holds above the $2,200 support, it remains a potential buying opportunity. If ETH breaks through initial resistance at $2,700, watch for a further test of $2,900—a breakout above this could signal the next leg of a bullish reversal.

Support: 76,000 THB / 2,200 USD
Resistance: 96,000 THB / 2,900 USD

Maker (MKR)

Maker (MKR) posted an 11.07% gain over the past week, showing signs of a potential bullish reversal in its long-term trend. The key support to watch is $1,500—if this holds, MKR may present a buying opportunity with the next resistance target at $2,100.

Support: 5,200 THB / 1,500 USD
Resistance: 7,200 THB / 2,100 USD

Compound (COMP)

Compound (COMP) gained 9.31% over the past week, signaling recovery from its recent low at $35. Use this level as a stop-loss point; the immediate resistance target is $50. A breakout above could mark a significant trend reversal.

Support: 1,200 THB / 35 USD
Resistance: 1,600 THB / 50 USD

Investment Trends

Although the Bitcoin Conference 2025 did not deliver updates on the U.S. adding Bitcoin to its strategic reserves, positive developments—such as Pakistan’s national Bitcoin reserve and continued backing from key thought leaders—are supporting market sentiment.

Ongoing trade policy negotiations between the U.S. and China are still introducing volatility to global markets. However, Bitcoin remains resilient and may benefit regardless of outcomes, as it often rallies alongside equities while acting as a portfolio hedge.

Despite significant outflows from Bitcoin ETFs last week, the broader price trend remains intact. This recent pullback could present a buying opportunity, with a positive outlook for Q2.

A key event to watch this week is the U.S. Non-Farm Payroll report on Friday, June 6, 2025. The market expects 130,000 new jobs (down from 177,000 last month), with the unemployment rate likely steady at 4.2%. These figures could influence next week’s FOMC meeting. While the market expects rates to remain unchanged, any sign of a more dovish Fed could further boost sentiment.

Investment Strategy

Consider buying during price pullbacks. Keep an eye on tokens related to the proposed Genius Act—especially those focused on payment systems and stablecoins—as these could attract renewed buying interest.

References

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