Truth Social Files for Bitcoin ETF

Author

Kairav Joshi
June 07, 2025

In partnership with

Hey crypto trailblazer, 👋

This edition covers Trump’s Bitcoin ETF updates, Strategy’s massive Bitcoin buy-in, and the spotlight on crypto ahead of the New Jersey primary.

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🏛️ Trump’s Truth Social Files for Bitcoin ETF

Trump Media & Technology Group (Truth Social’s parent) just filed with the SEC to launch the Truth Social Bitcoin ETF, partnering with Crypto.com and Yorkville America Digital as its custodian and sponsor. If approved, this NYSE Arca‑listed ETF will allow users to gain Bitcoin exposure without holding the asset directly.

Why it matters:

  • It cements Trump’s pivot from past skepticism to active crypto promotion.

  • Despite market saturation with ETFs from big players like BlackRock and Fidelity, the political brand splash might drive retail curiosity.

💼 Strategy Upsizes to $1B Preferred Stock Offering

Strategy, formerly MicroStrategy, announced a massive $1 billion STRD preferred stock offering (up from an initial $250 million). Their goal? Use proceeds to purchase more Bitcoin adding potentially 9,600 BTC to their treasury.

Why it matters:

  • This move reinforces Strategy’s all-in Bitcoin treasury model — a firm now holding over 580,000 BTC.

  • The offering includes a 10% quarterly dividend, showing a tactical blend of yield and BTC acquisition, appealing to both institutional and yield-driven investors.

🗳️ Crypto Intensity Rises in New Jersey Gubernatorial Race

As New Jersey heads into its primary, crypto is front and center in the campaign trail. At a “Stand With Crypto” rally, three gubernatorial candidates made pitches directly to the crypto community.

Why it matters:

  • With over 65,000 crypto-informed voters already registered, digital asset-focused positions could tip a tight contest.

  • This race is the next major test for crypto-aligned political messaging post-2024, signaling that crypto policy may play a larger role in state-level politics than ever.

These developments reflect an evolving crypto ecosystem where politics, institutional moves, and regulation are converging fast.

Stay epic,

Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.

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