Trump Media and GameStop Bet Big on Bitcoin With Over $3B in New Investments
MetaMask integrates Solana and targets Bitcoin support by Q3 2025; Trump Media raises $2.5B to build corporate Bitcoin reserves; GameStop buys $512.8M in BTC to mirror MicroStrategy’s strategy; IMF pressures El Salvador to halt Bitcoin purchases as Bukele expands holdings—highlighting accelerating institutional adoption and regulatory tensions in the crypto sector.
Because Bitcoin
May 28, 2025
MetaMask Expands to Solana, Eyes Broader Multi-Network Future and Token Potential
MetaMask has officially added support for Solana on its browser extension, enabling users to trade, swap, bridge Solana-based tokens, and access decentralized apps in the Solana ecosystem. Mobile integration is planned within weeks. This move marks MetaMask’s broader push into non-Ethereum networks, with Bitcoin integration targeted for Q3 2025. With an estimated 100 million users annually, MetaMask continues to explore launching its own crypto token, though no final decision has been made. The platform recently settled with the U.S. SEC, clearing a path for potential token developments under evolving regulations.
Trump Media Shifts to Bitcoin Investment Strategy With $2.5 Billion Raise, Abandons Social Media Focus
Trump Media & Technology Group, parent of Truth Social and majority-owned by President Trump, announced plans to raise $2.5 billion from institutional investors to invest heavily in Bitcoin. The company will sell $1.5 billion in shares and $1 billion in convertible bonds, pivoting from social media toward crypto and financial services. Trump Media aims to build one of the largest corporate Bitcoin reserves, mirroring MicroStrategy’s investment model. Despite continued financial losses, Trump Media is aligning its strategy with the Trump family’s growing crypto involvement, including $TRUMP memecoin and upcoming Bitcoin ETFs. Trump now fully supports crypto, promising a friendlier regulatory climate than the Biden administration.
GameStop Buys $512.8 Million in Bitcoin, Signals Shift Toward Corporate Crypto Treasury Strategy
GameStop has acquired 4,710 Bitcoin—currently valued at $512.79 million—following a $1.5 billion convertible note offering in April. While the company didn’t explicitly confirm the use of proceeds in its latest release, the purchase aligns with earlier statements about building a corporate Bitcoin treasury. CEO Ryan Cohen previously hinted at the move by posing with Michael Saylor, whose company Strategy pioneered corporate Bitcoin accumulation. GameStop appears to be emulating that model as it transitions from retail to a crypto-aligned investment strategy.
IMF Seeks to Freeze El Salvador’s Bitcoin Holdings as Bukele Pushes Ahead With New Purchases
The International Monetary Fund (IMF) announced it will work to ensure El Salvador’s government does not increase its bitcoin holdings, conflicting with President Nayib Bukele’s continued bitcoin advocacy. This follows a staff-level agreement on the first review of a $1.4 billion Extended Fund Facility, which could grow to $3.5 billion with support from other institutions. While El Salvador has implemented legal amendments to align with IMF terms, including voluntary bitcoin use in the private sector, Bukele remains defiant, recently boasting $357 million in unrealized profit and confirming the purchase of 8 more BTC. The IMF maintains that the country’s bitcoin reserves pose risks, though they have not yet materialized.
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