An investment firm with links with the children of the president of the United States, Donald Trump, Eric and Donald Trump Jr., is being part of its excess cash in a Spot Bitcoin Change (ETF) fund, an unusual turn in the increasingly popular strategy of maintaining Bitcoin as a corporate reserve.
Dominari Holdings (Domh), located at the Trump Tower in New York City, was news last month after the Trump brothers joined their 58 -year -old advisors and became investors.
In a profit report on Friday, he announced that he would adopt a Bitcoin reserve strategy and invest a part of its cash reserves at the Blackrock Ishares Bitcoin Trust (Ibit) in Blackrock, the largest Bitcoin ETF ETF in the market.
According to the report, Dominari has committed $ 2 million to buy Ibit shares from now on. The action has a market capitalization of approximately $ 70 million and has fallen more than 9% in Friday’s negotiation.
Most of the companies that adopt a Bitcoin reserve strategy buy the cryptocurrency directly and the self -ustody or use a custodian. Instead, Dominari is gaining exposure through a regulated fund contracted in the stock market, a measure that can appeal to companies that seek easier compliance and cleaner accounting.
The movement is not surprising, given the interest of Donald Trump Jr. in Crypto. The president’s son is involved in many cryptographic projects and has become an unofficial spokesman for his father’s enthusiasm.
Just earlier this week, World Liberty Financial (WLFI), the financial protocol backed by President Donald Trump and his family, launched his own stablecoin in a cryptographic event in Washington.
