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2004: “Trump Media Announces $2.5 Billion Bitcoin Treasury Strategy”
00:40:31
Trump Media and Technology Group (DJT), the publicly-traded company that operates the social media site Truth Social, announced on Tuesday a $2.5 billion capital raise to create a bitcoin treasury.
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In today's show I'll be breaking down the latest technical analysis. We'll also be discussing breaking news 1.2 billion 40x bitcoin whale James Wynn just said bitcoin's going to 118, 000 this week. Get ready. Also breaking news Wall street giant Cantor Fitzgerald officially launches $2 billion worth of Bitcoin lending completing their first loans Bitcoin in the heart of Wall Street. There is no stopping it now. Send it higher. Also more breaking news Strive raises 750 million for their alpha generating Bitcoin buy strategy. Also Marathon's Bitcoin mining revenue hits a record 752 million as Bitcoin price sores and we're within price discovery yet again today. Bitcoin shows signs of easing momentum, but traders are still expecting $150,000 target. I'd be breaking down this timeline as well as $120 billion bitcoin stash puts satoshi at number 11. Rich list that divine number 11. Also Michael sailor says on chain proof of reserves is a bad idea due to security risks which really makes no sense. We'll dive deeper into that. We'll also be discussing breaking news Trump media announces two and a half billion dollar Bitcoin treasury deal using crypto.com and Anchorage for custody. We'll also be covering all the highlights of what's happening at the Bitcoin Vegas conference. All this plus so much more in today's show. Yo, what's good Crypto fam? This is first and foremost a Video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts.net again that's crypto news alerts.net today is pod episode number. I think it's 2004. Yep 2004. I'm your host JV. It's 5-27-2018. 25 bitcoins out, pumping back in the green. Let's kick it off with our market watch as we do every day. Coin360 pulling up on your screen and please let me know in the comments if you can see the screen. Just want to make sure it shows Bitcoin up just shy of 110,000 at the time of the live stream. We have ether big run up up 6% on the day trading just shy of 2700 as the bulk of the market is pumping and in the green which we love to see. And checking out coinmarketcap.com the current crypto market cap sits at 3.47 trillion. The all time high is 3.75 trillion. We're inching closer and closer. Bitcoin market cap today 2.182 trillion. We got 128 billion worth of volume for the past 24 hours. Bitcoin dominance pull back a little bit at 63 today. I think it was 633 yesterday. And ether dominance pump today back to 9.4%. It was I think 9% even yesterday. So itty bitty pump for the ETH shows virtual up 19%. Cake up 15%. Quant up 13%. Let me know which al if any you're bullish on. For the bull holl boy. And checking out the crypto bubbles we get that visual perspective on the daily I'd say 90% of the market in the green. Gotta dig it. And zooming out for the Weekly I'd say 75 green over red. And zooming out for the monthly maybe 90% of the market. Pretty impressive gainers across the board. You got Monero up 65%, whiff up 80% A up 63 hype up under 9%. Zcash up 68% and the infamous Pepe coin up 58% but I prefer to still refer to it as PP coin. But anyways checking out the crypto greed interior index today we're 74 yesterday at 73 last week a 71 and last month of 61 in greed and checking out the infamous time chain calendar we're currently on block height 898618. We have 151,382 blocks until the having of 2028 and you can currently exchange one fiat monopoly dollar for 911 stock sats. So there's your 911 emergency warning to stack the sats, put down the gats, pick up some bitcoin caps from a man sergio over@bitcoincaps.net keep the comments of flowing. We're going to transition into our astrology for the baddies of course and you should be able to read the headline here. It says Bitcoin price held up by the corporate adoption and inflation hedge narratives. I also want to touch upon some of the breaking news that 40x leverage Whale Trader James Wynn who we've been covering in the past week here says Bitcoin's going to hit 118 this week as outlined right here. Let me know if you agree or disagree with the the whale and I think he's right. I think next leg up in play potentially in the 120s. There's no telling Bitcoin has no top, Fiat has no bottom and Janet Yellen is constipated. Bance you right know. Also Wall street giant Can Fitzgerald officially launched a 2 billion Bitcoin lending completed the first loan Bitcoin in the heart of the Wall street obviously there's no stopping it. Also breaking news that came in right before I went live. I'm not going to I don't have time to cover this particular story but I'll just read you the headline here. McCrispy strips are now at McDonald's. I hope you're ready for the most dippable chicken in McDonald's history. Dip it in all the sauces. Dip it in that hot sauce in your bag. Dip it in your McFlurry. Your dip is your business. McCrispy strips at McDonald's Ram Suwanni Strive raises 750 million so another treasury company stack in bitcoin almost a billion doll dollar buy just to kick it off. So I mean game on. Sign of the times you already know. But getting back to our TA AKA astrology for the baddies, let's dive a little deeper. Given the growing investor uncertainty about the economic conditions, bitcoin hovering around 110 at the time of the live stream has taken investors by surprise as it consolidates the top six positions as a global trader asset by market cap. Investors now ask whether Bitcoin is becoming anti fragile or if it'll drop below 100 and be inevitable in a recessionary environment. I think days are long gone. I don't see sub 100,000 ever occurring again. But you guys let me know your thoughts. Traders currently estimate 41% chance that the Fed maintains interest rates through September, a steep rise from 2% just a month ago. Also, President Trump called for lower interest rates, but the Fed chair Jay Powell remains cautious due to the strong labor market and rising inflationary pressures, whether driven by tariffs or easy credit conditions. This tension helps explain why the S and P has struggled to retake its February all time high of 6,147 and why Bitcoin's upside has also been a bit limited. Bitcoin's current market cap 2.2 trillion exceeds that of Google and Meta, which partially explains the 112 resistance level which we hit a few days back, which is the current all time high. Still, it would be inaccurate to suggest bitcoin as decoupled from traditional markets. In my opinion, we were never coupled to begin with. I'm just saying bitcoin's on its own trajectory. But you let me know your thoughts and theories. Companies are currently reporting earnings for the first quarter, a period that predates the escalation of the a trade war. And as a result stock markets may take longer to reflect the full negative impact even as the macroeconomic indicators show a sign of contraction. The 6.3% drop of U S durable goods orders in April reported on May 27 could be the first signal of a weakening economy. I'd say the 1 millionth signal. I mean inflation is a sign. I mean there's tons of signs, just look around. But you know the Fed's going to do their best spin to say inflation's under control, everything is perfect. We've never had such a strong economy in our life. But meanwhile we're tinkering on the the the cusp of economic collapse and the fiat bond market apocalypse Coining Max Geiser. But anyway, Bitcoin's risk profile appears to have improved after Trump Media, which is our feature story we'll dive deeper into later. They announced the plan to acquire two and a half billion worth of bitcoin. This is a pretty big deal and I do want to pull up some of the live charts, so give me a second to do that. I'm going to do a little live chart action. Jackson Satisfaction for the nipinator, of course, former chairman of the sec. Give it up for the nipster. Just saying. But you should be able to see here on your screen there's a one hour chart brought to you via Coinbase via Trading View. We have quite a few bullish Targets in play in the blue. Wow. A new target of 120. That's what I'm saying. And again the that 40x leverage whale is calling for 118 which is right in alignment with the 120. Let's get it. Should we just surpass that? Hit the 420 for the Brosis. Just saying. Let me know facts. Also in the green here 116three that's been printed on this chart for the last week. The 120 target is new so we got even that much more bullish today. I dig it. Can you dig it? And we also have the 1124 price discovery currently sitting at 112. That's the exact top via coinbase and zooming out from there we'll take a look at a four hour and we'll continue to work our way back. Jack. In fact let's make it happen. Bitty under attack. Oh hell no. Bullish pennant formation sensation baby. We also have a blue target here. 120. Yep. Identical to the 1 hour chart and also the 1163 bullish pennant. Very similar to the 1 hour chart. So 1 hour 4 hour bullish. And zooming out a little further. Take a look at a daily. You can see the bullish momentum is continuing. After we add the pullback from 112 we dropped to 109 and we're slowly climbing. Slowly but surely. Three consecutive days in the green and again today's Bitcoin Conference 2025. The biggest conference of the year. And if you don't know, maybe now you know. I don't know. You tell me. And check it out. The weekly we still have the sexy cup and handle target. And look at that. 1, 2, 3, 4, 5, 6, 7. We're already on our 8th bullish consecutive green candle kicking off the week. And it's the week of the event. Also bullish target 124 cup and handle in play. And we could be there this week. There's really no telling. Would have constipated Janet Yellen Bananas. Just saying. And check it out. The one month also bullish last month already surpassed the bullishness of last month. This month still have a few days left to put a bow out on May. I mean we've been straight pure bullishness since Q2 officially when April began. And I think this bullishness is likely to continue. At least this message comes from Greenlight. Ready to start talking to your kids about financial literacy? Meet Greenlight, the debit card and money app that teaches kids and teens how to earn, save, spend wisely and invest with your guardrails in place. With Greenlight you can send money to kids quickly, set up chores, automate allowance and keep an eye on your kids spending with real time notifications. Join millions of parents and kids building healthy financial habits together on Greenlight. Get started risk free@greenlight.com Spotify for the next five months in 2025 and I dare say next leg up incoming. But you guys let me know your thoughts. But anyways, we did our taa. Let's move on. Next story of the day. There's a lot to cover so let's get through this next story is Marathon Digital's Bitcoin mining revenue hit a record 752 million. As the Bitcoin price source and as I referenced a little earlier, I don't have time to cover this particular story, but again, the headline Ram Sawani Strive just raised 750 million for their Bitcoin buy strategy. So there's a lot of bitcoin treasury companies being birthed right now. Following in the sailor put. And speaking of sailor, he announced at the conference yesterday that he's not going to be sharing proof of reserves, which struck a lot of us by surprise. We'll be diving deeper into that story. Trump's two and a half billion acquisition of bitcoin being announced today and all the other breaking news. So stay tuned. Now. Marathon holdings, formerly Marathon Digital, reached a new all time high in bitty mining revenue fueled by the recent surge to the record high of 112. The company's annualized mining revenue exceeded 752 million May 27, making it the most profitable day in the company's history. Marathon's currently the world's largest publicly traded bitcoin mining firm by market cap, quoting Kijong Yu of Crypto Quant Quarterly reports are slow. Onchain shows revenue in real time confirming the milestone. Marathon's record revenue now shout out Marathon. I used to one of my favorite rappers of all time, may he rest in peace, is Nipsey Hussle. In fact, the Nipinator was named after him. If you didn't know, you learned something new today. And he would always say the marathon. And in fact he'd always say the marathon continues because that's what it's all in bitcoin, the same thing. It's, it's, it's not a race, it's a marathon. And you always want to continue to accumulate sats. And I think Sailor is a great example. You've Never achieved the pinnacle. You start stacking the bitties forever. Why it's going up forever and rest in peace to the nip. But anyways, we hit that 112 on May 22. A development attributed by some analysts of the Japanese bond market turbulence. Max Kaiser is calling for a complete bond apocalypse, which I've covered as well in previous episodes. It's not looking good for the Japanese economy and the Japanese yen right now with all these bonds collapsing. The revenue surge comes week after Marathon earning report for Q1 misled the Wall street estimates by 0.3%. The company's Bitcoin production fell 19% year over year primarily due to April and shout out nipy hustle as well because he was a bitcoin and crypto proponent years ahead of his time and you got to respect that. Very smart man by the way. So respect. With the cut block rewards in half from 6.25 to 3.125, Marathon is the world's largest Bitcoin mining firm with 5.18 market cap. Damn. $5 billion already. Now despite the reduction in production, Marathon continued to expand its bitcoin holdings. Currently as of May 27, which is today they have 48237 BTC worth 5.28 billion. Making the Bitcoin mining company the world's second largest corporate Bitcoin holder. I guess that would be right after MicroStrategy, aka strategy B with over 0.2% of the supply. Meanwhile, MicroStrategy has over roughly 3% of the supply. Excuse me. As broken down here, largest holders, corporate holders, MicroStrategy, Marathon, Riot, Clean Spark. So it's a lot of the mining companies, but you also got Tesla in there with 0.055% of the supply. Elon, what are you. I mean you should have like 10 of the supply but you can't fix stupid or what's the other word? Compromised. In which I believe he is. But that's a topic for another conversation. The top spot still belongs to strategy, formerly MicroStrategy, which holds over 63 billion a Bitcoin. Despite the revenue surge daily minor revenues average around 50 million, significantly below historic peaks of 80 million. Signaling that there is still room to climb back to those previous highs. But you guys let me know your thoughts. Meanwhile, Marathon adopted as a strategic treasury reserve asset was July of last year. It wasn't too long ago when it traded 124 million worth of bitcoin for the balance sheet. And there you have it. Yo, as the they start stacking the biddy. There's only so much bitcoin to go around now you have nations acquiring bitcoin, sovereign wealth, funds, states, you name it. And it seems like every day we're announcing a new corporate treasury firm for adopting bitcoin being birthed. Just like today with Vivek, you know acquiring 750 million bitcoin to kick off his and now Trump about to purchase two and a half billion worth of it. There's only so much bitcoin to go around. I'm just saying. And again welcome everyone joining the stream. We're going to continue with the news. We still have so much to share with you guys. Put us in a box. Go ahead. That just gives us something to break out of because the next generation 2025 GMC terrain elevation is raising the standard of what comes standard as far as expectations go, why meet them when you can shatter them. What we choose to challenge we challenge complex completely. We are professional grade. Visit gmc.com to learn more. Big conference happening right now in Vegas. It's 1:30 in the desert. It's 4:30 here in Puerto Rico. Next story of the day headline reads Bitcoin shows signs of easing momentum but traders are still expecting 150 000. And as I pointed out earlier that one leverage trader long we've been covering all week by the name of James Wynn, he's projecting 118000 this week. Well now let's get discuss even more bullish scenario of 150 000. We'll break this down. Let's see what some of the analysts are saying and of course 111 is that special number. So happy 111 which is pretty cool to see by the way. Actually got a screenshot when we hit that God frequency of 111111 and that only happens one time in Bitcoin history. The next divine number will be 1.1 million I dare say but yeah you already know. One analyst here says this decline may signal cooling buyer enthus reduction in upward momentum and a potential pause of reversal of the recent bullish trend. Oh no. You perma bears. What? How dare you. But glass note says the persistent decline of the CBD reflects bearish sentiment highlighting dominant sell side pressure for the bitcoin futures market. Anyone here trading futures do let me know but I want to get to the bullishness. I want to get to the bottom. This analyst calling for 120 alpha BTC wrote after taking the all time high I am watching how bitcoin performs over the next couple of days. Ideally it blast up shows strength to leave the breakout to be tested for the bitty future. Meanwhile Map said Bitcoin's looking to attack the all time highs just like Nip Anator on attack. But it could retest 102 before relaunching higher to 115. Up, up and away. Quoting Handyman way back in Living Color days. Let me know if you guys remember that one. Using Fibonacci retracement levels, Titan Crypto predicted a cycle top of 135 for Bitcoin price if it repeats the 24 pattern on the weekly time frame. As he outlines here with the chart Bitcoin 100 Fibonacci extension at 135. Bitcoin is replicating the same pattern. But what if we're really replicating the 2017 pattern and we're about to go parabolic and hit max kinds? There's 2.2 million in play. What about that? Let me know now. Rat Capital shared his price discovery road map showing Bitcoin transitioning into price Discovery Uptrend number two as outlined here. Let's get to the 150, shall we? This similar to the bitcoin price action between January 2024 and March 2024 Bitcoin rallied more than 91% to the previous all time high above 73. And according to the analysts, if the same scenario were to play out, Bitcoin would reach the next peak at around 150g. Baby Bitcoin looking for fresh catalyst to reach the target of 155. After successfully retesting the key level of 106. I dare say this could be our summer play 155. And that's still a little bearish in my humble opinion. I dare say we can be in the 200000 range this summer over the next couple of months. But you guys let me know your thoughts and I'll read your comments out loud. Welcome everyone joining the live stream. Give it up for your one and only former Chairman of the Sec. Nipinator. But anyways next story of the day headline reads 120 billion Bitcoin stash put Satoshi Nakamoto at the number 11 rich list. Typically I wouldn't even cover the story if he was over. But specifically because he's now number 11 and we really dig that number, we're going to cover this one. That's right. ARCAM Intelligence disclosed crater of Bitcoin known as Satosh now holds roughly 1.96 million BTC. Holy moly. I thought it was 1.1 million. So that gives him even more bitcoin than I even assume. Which means that's even more stagnated, stalemated bitcoin, Making our bitcoin that much more valuable and scarce. I dig it. This dash is currently worth 120 billion at today's prices. And according to Arkham, this makes him the 11th richest person on Earth. Well, at least on paper. His share adds up to 5.2% of all the bitcoin ever mine. I can't wait till Satoshi surpasses Elon's ass. But I'll leave that conversation for another day. The mystery around Nakamoto deepens as these wallets haven't moved since 2011. They remain untouched when bitcoin was still a fringe experiment. Now those same addresses tower over many national treasuries. And even a small sale can reshape the prices. Bitcoin recently spiked to 112 just a few days ago, as we all know. And Satoshi now holds 120 billion USD worth of Bitcoin, which is 5.2% of the entire Bitcoin supply, making him the 11th richest person in the world. Do you think these coins will ever move? Or do you think they're stagnated forever? I'm gonna vote vote with the latter. But you let me know and I'll check your comments here in a bit. Based on the market data, a bitcoin's total value hit 2.16 trillion. The figure eclipsed Amazon's 2.13 trillion. Market cap investors list the crypto amongst the top five global assets. In fact, I think it even touched the number four spot. Still, bitcoin is a decentralized token. While Amazon is a single company, some experts warn it is not a neat comparison. Well, we have two elements of bitcoin. You have the. This episode is brought to you by State Farm. Knowing you could be saving money for the things you really want is a great feeling. Talk to a State Farm agent today to learn how you can choose to bundle and save with the personal price plan. Like a good neighbor, State Farm is there. Prices are based on rating plans that vary by state. Coverage options are selected by the customer. Availability, amount of discounts and savings and eligibility vary by state, coin or the money. But we also have the network itself, so remember that. Now for the big players in the market. Movers, Sailors Firm Strategy bought 4020 Bitcoin. As we announced on yesterday's pod, between May 19th and the 25th, bringing their total stash to 580250 BTC. Yes, Strategy stock dipped over 7% in pre market trading yesterday. That drop shows Wall street can shrug off the biddy buys. Meanwhile, rich dad Robert Kiyosaki called the bitcoin the real money and warned that Fiat Cash might lose its grip. No, Fiat Cash will lose its grip. It is losing its grip, hence inflation anyways. And no one's trusting it to begin with because we're on to your Ponzi scheme, banksters. He pointed to Gresham's law and Metcalf's law to make the case. Now, institutional interest is one factor. Another is the rollout of the spot Bitcoin ETFs. These funds let the big investors buy the biddy without wrestling with the private keys. That move has lifted demand even when the retail takes step back. In fact, this entire bull run that we have witnessed is due to the institutional, not the retail which was all the previous, you know, cycles before us driven by retail. This time it's driven by the institutional fomo like a mofo, which I coined many years back. Still, some of the crypto community worry about the silent wallets. No one really knows if Satoshi might ever move those coins. I guess we have to ask Nipinator and if he did, the prices would wobble. Oh no, unlike the earth worth, a sudden sell off would even be a small slice of a hundred thousand could flood the market right now. The mere thought keeps the traders on edge. Today numbers shine a spotlight of how the bitcoin or how far we have come. I mean 112 is no joke. I mean we'll literally be at a million per coin and another 10x. Do you think we hit that 10x potentially this cycle? Next cycle. Holla and I'll read your comments out loud. Anyways fam, let's keep it moving. Next story we're going to discuss the latest with at Sailor. And then the latest breaking news with the Trump Media Group announcing a two and a half billion dollar treasury acquisition which is a pretty big deal. So let's start here with what's happening right now. I know it's on a lot of people's minds. Sailor says on chain proof of reserves is a bad idea due to security risks. And you got to tell me if you agree or disagree with that and we'll dive into the story and then I'll give you my personal two satoshis. Michael Sailor, executive chair of major bitcoin buying firm Strategy, the largest corporate hodler of the world says institutions are Posting on chain proof of reserve. That's a bad idea. Could propose security risks. Now is that a true statement? First and foremost, does posting the proof of work, which is the address, propose a security risk? That's the million dollar question right now. Let me know the current conventional way to publish proof of reserves is an unsecure proof of preserve, sailor said when asked about institutions adopting transparency measures at the May 26 event, which was yesterday at the sidelines at a Bitcoin conference. It actually dilutes the security of the issuer, the custodians, the exchanges and the investors. It is not a good idea. It is a bad idea. Sailor didn't answer whether strategy would publish proof of reserves when asked by Blockware Solutions head whether his firm would do so. As Mitchell share here, I asked sailor if MicroStrategy had any plans to publish on chain proof of reserves. His answer will shock you. It's a bad idea. Security risk irrelevant without also having been for audited liabilities. And you can actually see Sailor addressing it. I watched the video yesterday, let me know if you saw it. Also always there's show notes below the video in the description on the YouTube and the rumble where I get all these stories. Obviously I don't make this information up but there's always a reference resource. But anyways, the proof of reserves are common amongst crypto exchanges and verify the company holds sufficient crypto reserves to cover customer deposits. They also confirmed that other entities such as Crypto Track and Exchange Traded Funds funds hold the required amount of crypto for the funds. Saylor acknowledged the industry had learned from the collapses of crypto exchanges like ftx, amount gox but said the proof of reserves isn't the correct measure to take for institutions quoting them here. No institutional grade or enterprise security analyst would think it's a good idea to publish all of the wallet addresses. So I think that alludes to its multiple wallets, not just one such that you could be traced back and forth. Now my understanding it's not a security risk, but it is a security risk in the sense that people will be able to follow the blockchain and see where it goes. It doesn't mean it's a security risk where it's going to be stolen. There's a massive difference there. So I just want to throw in my two satoshis, but quoting them again, go to AI, put in deep think mode and then ask what are the security problems of publishing your wallet address and how might it undermine security of your company over time? Sailor said adding could write 50 pages of security problems. So he deems it a massive security threat all of a sudden. Interesting. Many crypto exchanges, custodians and ETF issuers started publishing their proof of reserves following the FTX collapse in November of 2022 to establish transparency and prove that they hold enough assets to back customer deposits. You know that feeling when someone shows up for you just when you need it most? That's what Uber is all about, about. Not just a ride or dinner at your door. It's how Uber helps you show up for the moments that matter. Because showing up can turn a tough day around or make a good one even better. Whatever it is, big or small, Uber is on the way, so you can be on yours. Uber on our way. Precisely. We want to know that there is enough bitcoin sitting there. For example, if FTX shared their proof of reserves, they wouldn't have dug themselves in the hole and and screwed, you know, investors out of $10 billion. So transparency, in my opinion, it's not a bad thing. But Sailor does not like that idea at all. Crypto exchanges bananas shout out Ms. Yellen, ban Kraken and OkX and crypto asset manager Bitwise are amongst the industry players that have adopted the transparency measure. And also let's not forget Bukele, El Salvador every day. Proof of reserve, proof of reserve, proof of reserve. However, Sailor noted the proof of reserves often only shows one side of the picture. What the company holds, not what they owe. Well then show what you owe and what you hold. Just be transparent Michael. But anyways, it was a pleasure meet and converse with two of the best leaders, operators of the bitcoin world. Pretty soon every company will be a bitcoin treasury company. Now Sailor Strategy is currently the largest 576,000 bitcoin. After their latest this purchase we also already touched upon Marathon Digital Holding. Now 48, 000 Bitcoin. More than 110 publicly traded companies worldwide have purchased and currently hold the pretty little bitty. And if you don't know now, you know. Now for our feature story of the day. Breaking news. Trump Media announces a 2 1/2 billion dollar Bitcoin treasury deal using Crypto.com and Anchorage for their bitcoin custody. This is the big story of the day. So let's break this this baby down. And obviously there is a Bitcoin conference going down in Vegas right now at 30000 people including the Trump family who are going to be speaking. But check it. Trump Media and Technology Group TMTG, the company that owns U.S. president Trump's Truth Social Platform and is partially owned by the President. Confirmed already a done deal. Two and a half billion capital raised to purchase Bitcoin after denying earlier reports of the deal. Remember Max Kaiser reposted, you know, 3 billion buy for the Trump family and then they kind of like brushed it off like it wasn't real. And then Kaiser called him employee of the month. Well, it is real and it's been confirmed. Two and a half billion. Take that. According to the May 27 announcement for the company which was as of today, the company raised comprises 1 1/2 billion stock sale and a 1 billion convertible senior secured bond with a 0% coupon. Sounds like the Sailor put in full effect. The sale is expected to close on May 29th in two more days. According their CEO Devin Nunez. We view Bitcoin as an apex instrument of financial freedom and now the Trump media will hold cryptocurrency as a crucial part of our assets. Bitcoin in particular this investment will help defend our company against harassment, indiscrimination by financial institution criminals, drug traffickers, anti money laundering, tax avoidance. Meanwhile, TMTG spokespeople responded to the initial report from the Financial Times published the day before the announcements announcement. As I reference we shared that headline yesterday. Apparently the Financial Times has dumb writers listening to even the dumb sources. Ironic enough, it was true. Wamp wamp shares of tmtg. I guess they didn't want people to know the news ahead of time so they denied it fell 12% following the announcement and we're trading at 23 bucks at the time of publication. The funding deal comes as a growing number of corporations and countries adopt Bitcoin treasury strategies as the digital asset matures into financial instruments of geopolitical importance. Several Bitcoin treasury companies increase their holdings this May including Michael Sailor's strategy. According to the Sailor tracker, the company just acquired another 4020 bitcoin which was just announced announced yesterday. Also technology company similar scientific purge 455 Bitcoin valued over 750 million for its treasury and acquisition company disclosed May 23rd. Also Vivek Ram Sawani just announced purchasing 750 million for their Bitcoin treasury company which we covered earlier in the headlines. We also have Jack Mahler's company 21 doing similar things going to be acquiring billions of dollars worth of Bitcoin backed by the likes of Cantor Fitzgerald and all of the billion dollar you know companies like Tether USDT which has over 150 billion dollar market gap. Also Investment firm Meta Planet, widely regarded as the investors Japan MicroStrategy acquired an additional 1004 Bitcoin. Can you say supply shock? We also have analysts Jesse Myers recently predicted that the current rate of the institutional accumulation institutional FOMO like a MoFO, which I coined many years back. Large entities will own 50 of the total Bitcoin supply by 2045. And right now they own a minuscule amount. In fact, it's individuals like you and I and the Nipinator that are the primary share of the pie. We're over. We make up over 50% of Bitcoin holdings. Governments is like less than 3%. Custom window treatments are a small upgrade that have a big impact. No better time to shop than now@blinds.com's Memorial Day mega sale. Blinds.com invented a better way to shop for window treatment. Completely online with upfront pricing, no showroom markups, no salespeople in your home. Choose from classic shutters to outdoor shades and more. All backed by our 100% satisfaction guarantee. Shoplines.com's Memorial Day mega sale now save up to 50% site wide plus a free measure. Rules and restrictions may apply. Corporate treasury companies or corporations very minuscule amount as well. So that number is going to be skyrocketing over the next next 20 years. Myers added that this growth in institutional adoption is driven by the flight to safety from traditional asset classes. Now when I hear that term flight to safety, that's something I heard first and foremost from BlackRock CEO Larry Fink when they started to get into the the ETFs and start to pre frame people for the ETF that went live, which was officially January 11th of 2024. It's only been a year and a half half. And they already have over 600000 bitcoin bro. And over the last two years an exodus from the fiat assets, bonds and money has already begun. Now prepare for the fiat bond apocalypse. Hard money assets, bitcoin and gold are the things that are shifting. It's where we're shifting to where Peter? Shifting away from the gold and into the bitcoin. And what is the gold market cap right now? I dare say it's 22 trillion. Bitcoin market cap a light 2 trillion. That means we can 10x from here before we catch up to where it should be. Because bitcoin is a superior store value all day every day, no question. Impregnable, borderless, divisible by 100 million satoshis. It is unconfiscatable. Lizard folk try to take it away. Best of luck. You're gonna need it. And so you already know. And if you don't know, you figured it out by now. And so there you have it. And if you decide to continue to stay ignorant and never know, have fun staying poor, we call them. You know, there's a name for them. There's a name for it. And don't forget to check out crypto newsalerts.net for the full premium experience with video and to participate in our live Q A. And I look forward to seeing you on tomorrow's episode, Hoddle.