Trump Media’s Bitcoin Treasury Exceeds $2 Billion – SEC Chairman Declares Ethereum Not a Security

Trump Media’s Bitcoin Treasury Exceeds $2 Billion

Trump Media, the parent company of Truth Social, announced that it holds a total of $2 billion in Bitcoin and Bitcoin-related securities. This amount accounts for approximately two-thirds of the company’s $3 billion in liquid assets. The portfolio also includes $300 million worth of Bitcoin-related options.

CEO Devin Nunes stated that these assets serve as a strategic shield to secure financial freedom and protect against potential corporate discrimination. The company plans to convert the options to spot Bitcoin depending on market conditions and integrate a new utility token to be used within the Truth Social ecosystem in the future.

SEC Chairman Statements That Ethereum Is Not a Security

US SEC Chairman Paul Atkins stated that Ethereum (ETH) is not a security, saying that companies should choose to include ETH in their treasuries at their own discretion. Atkins emphasized that Ethereum is a fundamental component for other digital assets and stated that the market’s adoption of assets like ETH is encouraging for the future.

Atkins’s statements coincide with a period when institutional companies are turning to Ethereum. Bit Digital announced that it holds more than 100,000 ETH by converting all of its BTC reserves to ETH, while SharpLink Gaming announced that it has the largest known institutional ETH treasury with over 280,000 ETH. Atkins also emphasized that stablecoins can provide instant settlement and low costs in capital markets.

Western Union Takes Stablecoin Step After GENIUS Act

Western Union has become the latest major financial company to enter the stablecoin space following Trump’s signing of the GENIUS Act. CEO Devin McGranahan stated that stablecoins offer speed, low cost, and the ability to store value in countries with weak currencies in cross-border payments. The company is running pilot projects in South America and Africa, while planning a stablecoin wallet and crypto entry-exit services.

Experts predict that with new regulations, banks and large corporations will implement stablecoin projects by the end of 2025. However, some US senators warn that private companies could jeopardize data privacy by issuing stablecoins. Despite this, global giants such as Amazon, Walmart, JD.com, and Alipay have also accelerated their stablecoin plans.

Ether Machine Coming to Nasdaq with $1.5 Billion ETH Reserves

Ether Machine, a new Ethereum-based investment vehicle, will be listed on Nasdaq through a SPAC merger with Dynamix Corporation (DYNX). The company, which will be listed with the ticker symbol ETHM, will have approximately 400,000 ETH ($1.53 billion) on its balance sheet. In addition to Chairman Andrew Keys’ $645 million ETH contribution, $800 million in support has been secured from major investors like Pantera Capital, Kraken, and Blockchain.com.

Ether Machine aims to offer ETH-based income through staking, restaking, and DeFi returns. DYNX shares gained more than 30% in pre-market trading on the news. The 25% rise in the Ethereum price over the past week to above $3,800 has created a favorable backdrop for Ether Machine’s IPO.

DeFi Development Corp Reaches 1 Million SOL Mark

Nasdaq-listed DeFi Development Corp has increased its treasury holdings to 999,999 SOL with its latest $198 million purchase. The company purchased a total of 141,383 SOL between July 14-20. Some of this amount was generated from direct spot purchases, while others were secured through discounted SOL, along with on-chain activities like staking and validator revenue. All SOL assets are instantly staked, generating passive income and contributing to the Solana network.

Solana surged 12% due to these developments, surpassing the $200 mark. SOL, which has gained more than 25% in the last week, supports the company’s strategy. CEO Joseph Onorati stated that the company will not switch to another cryptocurrency and that Solana, with its volatility and natural returns, provides significant leverage for shareholders. The company still has $5 million in reserves for new SOL purchases. Despite this, the share price fell 3.65% on Monday, but recovered slightly in after-hours trading.

Bit Origin Makes $500 Million Dogecoin Move

Bitcoin mining firm Bit Origin announced that it will raise up to $500 million to establish a Dogecoin treasury and initially purchased approximately $10 million worth of DOGE. This move has increased the company’s shares by 386% since the beginning of July, while the price of DOGE has risen 42% in the last week, reaching a value of approximately $11.5 million.

CEO Jinghai Jiang highlighted Dogecoin’s potential in micropayments and tokenization, stating that DOGE could play an important role in the financial ecosystem. The company tracks its DOGE holdings with the DOGE (DPS) per share metric, and it’s currently trading at 0.69 DOGE per share.

Jack Dorsey’s Crypto-Focused Block Enters S&P 500

Twitter co-founder Jack Dorsey’s Bitcoin-focused company, Block Inc., will be included in the S&P 500 index as of Wednesday, July 23. Block shares rose 10% in after-hours trading following the news. Founded in 2009 as Square, the company adopted the Block name in 2021 to focus on Bitcoin and blockchain projects.

Block stands out with its Bitcoin wallet called Bitkey and mining products called Proto. The company, which has been investing 10% of its Bitcoin profits into BTC every month since last summer, also open-sourced the transparency of its treasury. Block currently holds 8,584 BTC worth approximately $1 billion. With this development, it became the second crypto-focused firm to enter the S&P 500 after Coinbase.

Michael Saylor’s Strategy Acquires $739 Million in Bitcoin

Michael Saylor’s Strategy, the largest institutional holder of Bitcoin, acquired an additional 6,220 BTC, bringing its total holdings to 607,770 BTC. The company spent a total of $739.8 million on purchases made between July 14-20. This brings the company’s total Bitcoin investment to $43.6 billion, its current value to $71.9 billion, and generates approximately $28.3 billion in unrealized profits.

When announcing the acquisition to shareholders, Saylor stated that BTC returns have been 20.8% since the beginning of the year. The company’s share price (MSTR) recovered 2% following the news, rising to $431.95. TD Cowen raised its MSTR target price from $590 to $680. While Bitcoin is trending sideways, demand for altcoins is increasing.

Ethena Plans to Purchase $360 Million ENA

The Ethena Foundation announced its plans to establish a SPAC called StablecoinX and launch an IPO to expand its ENA token reserves. StablecoinX, which entered into an agreement with TLGY Acquisition, will purchase ENA through a $360 million private investment package (PIPE). Major investors such as Dragonfly, Pantera, and Galaxy Digital are also supporting the project. The new structure will trade on Nasdaq under the ticker symbol USDE.

StablecoinX will also manage Ethena’s USDe synthetic dollar and staking infrastructure. The company aims to increase the value per ENA and direct the proceeds to strategic ENA purchases. Ethena is the largest on-chain digital dollar issuer after Tether and Circle. The ENA price rose 6% to $0.52 on the news.

SpaceX Moves $152 Million in Bitcoin Wallets After 3 Years

Elon Musk’s SpaceX moved 1,308 BTC (about $152 million) from one of its connected wallets to a new address for the first time in three years. The transaction took place through Coinbase Prime, leaving the firm’s total BTC balance at 6,977 BTC. The move is likely an internal restructuring or a transfer for cold storage security.

In 2021, it was revealed that SpaceX had Bitcoin reserves of up to approximately 25,000 BTC, but the firm reportedly depleted most of these assets from its balance sheet in subsequent years. Musk’s comments on Bitcoin and Dogecoin are still causing significant price fluctuations in the markets.

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BITCOIN (BTC)

Bitcoin is trading at $117,534 as of the morning hours with a 0.13% gain. Although BTC recently tested the $120,510 resistance, it struggled to surpass this level and faced selling pressure. Currently, the price is trying to stay above the $115,896 support. Unless this area is broken downwards, the horizontal band can be expected to be maintained.

The $120,510 level stands out as the first strong resistance on the upside. Staying above this level could enable the target of new highs of $122,000 and above. However, if it falls below $ 115,896 in possible pullbacks, the $ 111,924–110,507 band may come to the fore again.

btc icrypex 22-07-2025

ETHEREUM(ETH)

ETH is priced at $ 3,699 levels with a 1.67% loss in value as of the morning hours. The price had difficulty breaking through the $ 3,745 resistance and started to retreat from this area. The $ 3,745 – $ 3,675 range stands out as a short-term support-resistance conversion zone. Maintaining permanence below this range may cause the selling pressure to deepen.

Currently, the $ 3,675 level is watched as the first support. If this level is broken, the $3,479 and $3,311 levels are likely to be watched as the next support areas. In an upward recovery, a retest of the $3,745 resistance and maintaining stability above this level may pave the way for a new increase towards the $3,882 and $3,988 levels.

eth icrypex 22-07-2025

RIPPLE(XRP)

XRP is priced at $ 3.47 with a 2.07% loss in value as of the morning hours. After strong increases, XRP, which was rejected from the $ 3.60 band for the second time, dropped below the 3.48 support with the pullbacks. If the decline continues, the 3.34-3.40 region is a region where buyers are concentrated. This region can be expected to act as the next support zone.

In a possible positive trend, the first resistance level is 3.48, while above this level, the next strong resistance level is $ 3.60.

xrp icrypex 22-07-2025

AVALANCHE(AVAX)

AVAX is traded at $ 25.72 as of the morning hours with a 1.02% gain. Although the price broke through the $ 24.97 resistance and reached the $ 26.26 region, pullbacks were seen after being rejected from this region.

In the short term, the $ 24.97 level may work as support. Below this level, the $ 23.91 and $ 23.22 levels can be watched as other support areas, respectively. If buying appetite continues, closing above $26.26 could carry AVAX to new local highs.

avax icrypex 22-07-2025

SOLANA(SOL)

SOL is traded at $ 199 levels with a 2.11% gain as of the morning hours. The price broke the strong resistance area at $ 193.06 and exceeded the $ 200 levels. If the pullback continues for SOL, which was rejected from this area, 193.06 will be the first important support, while the 184.95 area can be expected to work as another more critical support.

In case of possible increases, $ 202 is the first resistance. If it stays above this region, $208.92 levels can be targeted.

sol icrypex 22-07-2025

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