After a previously unconfirmed report of Trump Media raising funds to acquire Bitcoin (BTC) earlier this week, the Donald Trump-backed company announced plans to implement a BTC treasury soon. According to the announcement, Trump Media entered into a subscription agreement with about 50 institutional investors in a bid to raise a total of $2.5 billion,
The company highlighted that $1.5 billion will be raised through selling common stock, while the remaining $1 billion will be raised through 0 percent convertible senior secured notes. Trump Media plans to close the offering by May 29, 2025.
“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, which plague many Americans and U.S. firms and will create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+,” Trump Media’s CEO and Chairman Devin Nunes, noted.
Market Impact of Trump Media’s Bitcoin Adoption
The adoption of Bitcoin by Trump Media was in retrospect imminent, especially following the launch of the World Liberty Financial (WLFI). With the deal expected to close before the end of this week, Bitcoin price is well positioned to rally towards a new all-time high (ATH) in the near future.
Moreover, on-chain data shows the number of Bitcoin whales holding at least 1k BTCs has gradually increased in the last few weeks to about 1,455 entities. Consequently, Santiment data shows a significant increase in FOMO traders, especially after the BTC price teased above $110k on Tuesday during the mid-North American trading session.
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Tesla’s quarterly decline contrasts with gains in its bitcoin treasury, while a Japanese firm, Quantum Solutions, targets a $367M acquisition of BTC. Korean infrastructure leader DSRV secures funding, and Tron Inc. prepares Nasdaq ceremony, signaling institutional crypto adoption momentum.
Tesla Reports Steep Revenue Decline Despite Bitcoin Holdings Boost
Tesla faces mounting challenges as second-quarter results reveal the automaker’s steepest revenue decline in a decade, dropping 12% year-over-year to $22.5 billion. Vehicle deliveries fell 12.6% to 143,535 units while earnings per share declined 23% to $0.40, reflecting broader market pressures and competitive dynamics.
The company’s electric vehicle market dominance is showing signs of erosion, with its market share maintaining 46.2%, while GM is aggressively closing the gaps, advancing from 10.8% to 14.9% quarterly. Tesla’s core automotive revenue declined 16% to $16.66 billion, indicating structural headwinds that extend beyond typical cyclical patterns.
However, new FASB accounting rules provide unexpected balance sheet relief through Tesla’s 11,509 BTC holdings, now valued at approximately $1.36 billion. The regulatory shift allows quarterly fair-value reporting rather than historical cost basis, enabling Tesla to recognize bitcoin’s 42% appreciation since April directly on financial statements. This development highlights the strategic value of corporate cryptocurrency treasury strategies during traditional business cycles.
Japanese Quantum Solutions Launches $367M Bitcoin Treasury Strategy
Japanese AI firm Quantum Solutions announced plans to acquire up to 3,000 BTC over twelve months, establishing bitcoin as a strategic treasury reserve asset. The initiative positions the Tokyo-listed company as Japan’s second corporate bitcoin adopter, following MetaPlanet‘s pioneering approach.
Hong Kong-based Integrated Asset Management will provide $10 million initial funding through Quantum Solutions’ subsidiary GPT Pals Studio Limited. The acquisition strategy targets approximately $367 million in bitcoin holdings at current market valuations, representing a significant corporate balance sheet transformation.
CEO Francis Chow emphasized institutional discipline in execution, citing the company’s unique position to develop bitcoin-centric capital structures. The program incorporates cold-hot wallet segregation, internal controls, and comprehensive audit frameworks under Hong Kong’s regulatory clarity.
This strategic pivot reflects broader institutional recognition of bitcoin’s role in inflation hedging and monetary policy risk mitigation across global markets.
South Korean blockchain infrastructure firm DSRV raised approximately $12 million in Series B funding despite challenging investment conditions. Major domestic investors including Intervest and NICE-SK Securities participated in the initial round, with additional institutional funding planned next month.
DSRV operates infrastructure across 70+ global blockchain networks, managing over $3 billion in digital assets while ranking among top-10 validators worldwide. The company reported $7.8 million annual revenue with $2.3 million net profit, demonstrating sustainable profitability in volatile markets.
The funding validates DSRV’s expansion into stablecoin and payment infrastructure services. Holding domestic VASP licensing in South Korea, the company prepares for aggressive global expansion across US, Japanese, and African markets while scaling custody operations and blockchain development capabilities.
Tron Inc. Set to Ring Nasdaq Opening Bell Thursday
Tron Inc. will ring the Nasdaq Opening Bell on Thursday, marking a strategic transformation toward blockchain-integrated treasury operations. Justin Sun, TRON Blockchain founder and Global Advisor, will lead the ceremony from Times Square’s MarketSite.
As the publicly traded entity holding the largest TRON token reserves, the company represents institutional convergence between traditional equity markets and decentralized finance infrastructure. CEO Rich Miller emphasized building shareholder value through strategic innovation.
Beyond blockchain treasury holdings, Tron Inc. maintains diversified operations manufacturing custom merchandise for major theme parks including Disney and Universal, creating a hybrid business model bridging entertainment and digital assets.
Solana price is gaining today after a recovery across the broader crypto market. However, a recent $20M move by a Solana whale has stirred speculation about whether a reversal was imminent. As the Solana blockchain shows signs of strength by outperforming other blockchains by revenues, can SOL price avoid a potential reversal and rally towards the $300 peak?
Solana Whale Moves $20M SOL – Impact on Price?
Solana price is facing potential sell-side pressure from whales. This is after a Solana whale unstaked 134,902 SOL tokens valued at nearly $20M. This large address is preparing to sell after setting multiple limit orders between the prices of $171 and $294.
SOL unstaking
This move happened a few hours after the FTX/Alameda bankruptcy estate deposited 3.03M SOL to Binance. According to Lookonchain, these tokens are worth approximately $438M.
If large addresses are unstaking SOL and moving tokens to exchanges, it could have a major implication on the price. The additional selling pressure from FTX unlocks could impact Solana price as the crypto market remains in a state of fear.
Can Network Growth Fuel a Rally to $300?
As whale activity increases the risk of a bearish Solana price prediction, blockchain activity suggests that a rally to $300 is likely to happen. In February, Solana dominated blockchain app revenue, with apps generating $285M in revenue.
Solana app revenue
This dominance suggests that decentralized applications (dApps) created on Solana are gaining traction and driving capital inflows to the blockchain. This could fuel the bullish sentiment around SOL and potentially drive a rally to $300.
However as Coingape previously reported, high app revenues suggest Solana price may have hit a local top. If this is the case, SOL may continue struggling under bearish pressure.
Key Solana Price Levels to Watch
Solana price today trades at $145 after an 8% gain in 24 hours. SOL is moving within a descending parallel channel on the daily chart, which shows a bearish trend is prevalent. However, bulls are attempting a breakout from the upper trendline. If buying pressure leads to SOL making a decisive breakout from the upper trendline, it may drive a price rally.
The RSI is rising, indicating that buyers are gaining momentum. However, the RSI value below 50 shows that bears remain in control.
The on-balance volume indicator is also rising, which shows that the buying pressure is gaining strength. This rising OBV indicates that investors are actively buying SOL, which may precede a rally.
If these bullish trends continue, SOL faces resistance at $176. Breaking out of this level may kickstart a rally towards $300.
SOL/USDT: 1-day Chart
Solana’s technical outlook shows that despite the recent gains, a bearish momentum remains in play. However, a surge in network activity could boost investor confidence and support a $300 rally for Solana price.
Societe Generale has introduced USD CoinVertible (USDCV), a US dollar-backed stablecoin designed for institutional clients and fully compliant with MiCA regulations.
USDCV will launch on the Ethereum and Solana blockchains, and trading will begin in July 2025. The Bank of New York Mellon will serve as custodian for its reserves.
New Institutional Stablecoin Prioritizes Regulatory Compliance
Societe Generale-FORGE, a regulated arm of France’s Societe Generale bank, has officially announced the launch of USD CoinVertible (USDCV). This stablecoin targets only institutional users and is unavailable to US residents.
Running on Ethereum and Solana, USDCV offers fast settlement and enhanced interoperability for institutional markets.
The timing aligns with rising demand for regulated digital assets. Each USDCV is pegged to the US dollar, with reserves held by The Bank of New York Mellon.
“After the release of a MiCA-compliant EUR stablecoin (EURCV), the launch of a US Dollar version (USDCV) was the obvious next step for Societe Generale–FORGE as market adoption of stablecoins is growing exponentially. The stablecoin market remains largely US Dollar denominated. This new currency will enable our clients, either institutions, corporates or retail investors, to leverage the benefits of an institutional-grade stablecoin” said Jean-Marc Stenger, Chief Executive Officer of Societe Generale – FORGE.
Societe Generale-FORGE’s approach ensures strict supervision and transparency, meeting the evolving needs of European and global markets.
The French baking giant’s crypto arm will provide daily public updates detailing the composition and value of reserves. These disclosures will be readily available via their collateral disclosure page, allowing stakeholders to verify collateralization in real time.
The Bank of New York Mellon’s custodianship adds another degree of security, supporting Societe Generale-FORGE’s reputation for institutional-grade asset management.
This USD-backed launch follows the earlier success of EUR CoinVertible, Europe’s first institutional stablecoin on a public blockchain, introduced in April 2023. That initiative demonstrated Societe Generale-FORGE’s expertise in regulatory compliance and digital infrastructure.
