- Bitcoin surged nearly 4% after Trump’s Truth Social filed for a combined Bitcoin and Ethereum ETF and Strategy bought 10,100 BTC for $1 billion, signaling strong institutional interest.
- These moves helped Bitcoin reclaim the $108,500 level amid growing ETF inflows and renewed market optimism.
Trump Media Files Groundbreaking BTC & ETH ETF
Bitcoin (BTC) surged nearly 4% on Monday, reclaiming the $108,500 mark, following a major ETF filing by Donald Trump’s Truth Social and a $1 billion BTC purchase by Strategy. The Trump Media and Technology Group (TMTG), the parent company of Truth Social, filed a new S-1 with the SEC for a combined Bitcoin and Ethereum ETF—dubbed the “Truth Social Bitcoin and Ethereum ETF, B.T.”
The ETF, which plans to hold BTC and ETH in a 3:1 ratio, is backed by Yorkville America Digital as the official sponsor. Foris DAX Trust Company will serve as the custodian of the fund’s crypto holdings. This marks TMTG’s second filing in recent weeks aimed at entering the booming crypto ETF space, signaling Trump’s ongoing interest in digital assets.
Strategy’s $1B Bitcoin Play Strengthens Market Confidence
At the same time, Bitcoin-focused investment firm Strategy revealed a staggering acquisition of 10,100 BTC for $1.05 billion—its largest purchase in weeks. Acquired at an average price of $104,080 per Bitcoin, this move brings Strategy’s total holdings to 592,100 BTC, valued at $61.47 billion. The firm now holds approximately 2.8% of Bitcoin’s total supply.
The purchase was largely funded through an upsized $1 billion offering of its new STRD preferred stock, reinforcing Strategy’s long-term bullish stance on BTC. With this latest acquisition, the firm’s average cost basis now stands at $70,666 per Bitcoin.
ETF Inflows and Market Sentiment Point to Renewed Momentum
Bitcoin’s Monday rally follows a broader recovery in ETF inflows, with CoinShares reporting $1.3 billion in inflows for BTC ETFs last week. Ethereum also saw significant interest, with $583 million in net inflows—the largest since February.
The dual impact of Truth Social’s ambitious ETF filing and Strategy’s billion-dollar buy has ignited fresh optimism in the market. As institutional interest deepens, Bitcoin’s trajectory appears primed for further gains—especially with political and corporate giants stepping deeper into the crypto arena.
