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Trump Meme Team Pulls $33M From Liquidity Again – $94M Gone in 30 Days
Yahoo Finance· 2025-12-31 15:48
Group 1 - The official $TRUMP meme coin wallet withdrew $33 million in USDC from its liquidity pool, totaling $94 million withdrawn over the past 30 days [1] - Withdrawals were executed in batches ranging from $2 million to $17.2 million, with funds transferred to Coinbase-linked custody addresses [2] - The systematic removal of liquidity follows a pattern established in previous transactions, indicating a strategic approach by the team [3] Group 2 - The Trump family has reportedly generated approximately $1 billion in pre-tax gains from digital asset projects over the past year, with $427 million in revenues from the $TRUMP and $MELANIA meme coins [4] - Trump's financial disclosure indicates he received $57.4 million in income from the firm, holding 15.75 billion WLFI tokens, which represents 15.75% control of the project [5] - Trading volumes for the governance token exceeded $1 billion within the first hour of trading, although prices later retreated by 16% [6] Group 3 - Trump Media & Technology Group has become one of the largest institutional holders of Bitcoin, holding approximately 11,542 BTC valued at over $1 billion [7] - This Bitcoin position represents roughly 20% of TMTG's total market capitalization, ranking it eleventh among publicly traded companies with Bitcoin treasury positions [7]
American Bitcoin Lifts BTC Holdings to $500M as Bitcoin Slips Below $90,000
Yahoo Finance· 2025-12-15 18:59
Core Insights - American Bitcoin Corp has increased its Bitcoin holdings by 261 BTC, bringing total reserves to 5,044 BTC, valued at over $450 million as Bitcoin trades near $89,700 [1] - The company ranks 21st on the Bitcoin 100 list of corporate holders, just behind Semler Scientific [1] - The firm is backed by Donald Trump Jr. and Eric Trump, who hold approximately 20% ownership, while Hut 8 Corp holds the majority stake [3] Company Performance - American Bitcoin Corp's shares experienced a slight increase in premarket trading but later fell by 4% as Bitcoin's price dropped to $85,600, with shares down about 64% over the past month [4] - The decline in stock price is attributed to the release of pre-merger private placement shares into the public market, which has negatively impacted price performance despite the growing Bitcoin treasury [5] Market Positioning - The company is part of several crypto ventures linked to the Trump family, which include the $TRUMP meme coin and World Liberty Financial, enhancing market visibility and access to capital [6] - American Bitcoin continues to position itself as a long-term Bitcoin holder, strategically accumulating reserves during market dips [6] Industry Context - Strategy, the largest corporate holder of Bitcoin, has also resumed buying, acquiring 10,645 BTC for $980 million, reinforcing institutional conviction in long-term Bitcoin accumulation [7]
The Trump Name Isn't What It Used to Be on Wall Street
Investopedia· 2025-12-04 11:00
Group 1 - Assets linked to President Donald Trump and his family have underperformed the broader market, particularly in the crypto sector, where their ventures have seen significant declines [1][4][8] - Shares of Eric Trump's American Bitcoin (ABTC) dropped as much as 50% in early trading, closing down 39%, marking its lowest price since the announcement of Trump's involvement [2] - The native token of Trump-backed World Liberty Financial (WLFIUSD) has lost about 65% of its value since its record high in September, while meme coins $TRUMP and $MELANIA have lost approximately 90% from their all-time highs [5][8] Group 2 - Following President Trump's reelection, the premium associated with the Trump name has diminished, particularly affecting the family's crypto ventures [4][8] - Despite a recent rally in the broader crypto market, with Bitcoin surpassing $93,000, the Trump family's crypto-related assets continue to struggle [3][11] - Shares of Trump Media & Technology, the parent company of Truth Social, have lost about two-thirds of their value since the beginning of the year, hitting their lowest level since late 2021 [12]
Donald Trump Jr. Calls Crypto Conflict of Interest Claims ‘Complete Nonsense’
Yahoo Finance· 2025-10-02 10:45
Core Insights - Donald Trump Jr. dismissed concerns regarding potential conflicts of interest related to World Liberty Financial, asserting that such worries are unfounded [1] - The company emphasizes its non-political nature while maintaining connections to the Trump administration as it seeks global deals and expands into new financial products [2] Company Overview - World Liberty Financial launched its USD 1 stablecoin in March 2025, six months after its establishment in September 2024 [2] - The stablecoin is backed by short-term U.S. government treasuries and features a governance token called WLFI [3] Financial Performance - The Trump family's crypto portfolio has surpassed $1.2 billion across various ventures [3] - As of June, President Trump holds 15.75 billion WLFI tokens, equating to 15.75% control of the project, with personal income from World Liberty Financial reported at $57.4 million over the past year [4] Related Ventures - The Trump family's crypto activities include American Bitcoin, co-founded by Eric Trump and supported by Donald Trump Jr., which saw a 110% increase at its September debut, briefly valuing their stake at $2.6 billion [5] - American Bitcoin operates around 6,000 mining computers and has initiated a $2.1 billion controlled stock offering to enhance its Bitcoin acquisition and mining technology [6]
$TRUMP Meme Coin to be Accepted as Crypto Payment in Social Casino of Bitnile.com, a Hyperscale Data Subsidiary
Globenewswire· 2025-05-23 10:30
Core Viewpoint - Hyperscale Data, Inc. will accept the $TRUMP meme coin as a payment method on Bitnile.com starting June 15, 2025, enhancing the utility of the coin in social gaming [1][3]. Group 1: Payment Method and Promotions - The $TRUMP meme coin will be used to purchase the Nile Package, which includes virtual in-game currency (Nile tokens) for social casino games on Bitnile.com [2]. - A promotional offer will provide three times the number of Tokens and Coins for purchases made with $TRUMP during the first month of acceptance [3]. - For example, a $20 package will provide 150,000 Tokens and 63 Coins instead of the usual 50,000 Tokens and 21 Coins [3]. Group 2: Market Potential and User Engagement - The company believes there is a significant market for the $TRUMP holders, with over 750,000 wallets currently holding the coin, indicating potential engagement in social gaming [3]. - The promotion aims to enhance user experience by providing more opportunities to win cryptocurrency and prizes [4]. Group 3: Future Developments - BitNile.com is evaluating additional cryptocurrencies for future payment options, with announcements expected in the coming months [4].