Las Vegas - Bitcoin Ministry of Finance broadcast Strategy Now Meme Stock Companies, media companies and multinationals have mimicked more than $80 billion in market capitalization. But Wall Street didn't buy all the hype.
This week, Trump Media Announced plans to raise $2.5 billion to buy Bitcoin, and GameStop Revealed a $500 million distribution. Meanwhile, Tether, SoftBank and Strike’s Jack Mallers unveiled Twe Vefe, a Bitcoin locally listed company that is expected to launch using more than 42,000 bitcoins on its balance sheet, enough to make it the third largest company holder of global assets.
For now, the market has not seen the next strategy for either of them yet. Since its announcement, Trump Media stock has fallen more than 20%, while GameStop has fallen nearly 17%. Since the end of 2022, strategy (formerly known as MicroStrategy) has accumulated more than $60 billion worth of Bitcoin shares.
"Maybe the market wants them to buy more bitcoins," Strategy Chairman Michael Saylor said in an interview with Bitcoin in Las Vegas in 2025. "But these are short-term dynamics. Bitcoin on the balance sheet proves to be very popular in the long run."
Saylor called Trump’s media actions “brave, active and smart” and said floods of similar announcements marked a global shift in corporate financing.
“I said anywhere in this conference that someone was studying a bitcoin finance company in Hong Kong. I'm doing this in Korea. I've done this in Abu Dhabi. We're going to do this in the Middle East, you know, we already have“ He said. “The interest is exploding now.”
Saylor said Bitcoin ambassadors “have orange flags everywhere on the planet.”
Initially it quickly became a geopolitical race in marginal financial maneuver. Under the Biden administration, adoption of corporate Bitcoin is often seen as a regulatory red flag. But under President Donald Trump, that tone has changed.
In March, Trump signed an executive order to establish a U.S. strategic bitcoin reserve, directing federal agencies to view bitcoin as a long-term store of value. According to White House cryptocurrency and AI Czar David Sacks, the reserve will be funded entirely through Bitcoin seized in criminal and civil confiscation cases. The order also gives the government the authority to explore other budget-neutral mechanisms to acquire more bitcoin.
The federal government will conduct a comprehensive review of its digital asset holdings for the first time, and is currently estimated to exceed 200,000 bitcoins. The order explicitly prohibits the sale of any Bitcoin as a reserve, thereby consolidating its role as a permanent sovereign asset.
“There is no power on Earth”
Vice President JD Vance became the first current vice president to speak directly to the Bitcoin community this week, defining cryptocurrency as a hedge against inflation, censorship and “unelected bureaucracy.” To further boost Bitcoin, the Labor Department backed down guidance, which prevented Bitcoin from investing in retirement plans.
“There is no power on Earth that can stop a thought of time coming,” Saylor said. “Bitcoin is digital capital, perhaps the most explosive idea of the era.“
Some corners of the business world are still resistant. At the end of last year, Microsoft Shareholders rejected the company's massive cash piles to follow Saylor's leaders' proposals. In a video demonstration supporting the work, Sailer told investors that “Microsoft is powerless to miss the next wave of technology.”
Despite the rewards of early adoption, Saylor suggests that the market’s cool response to Trump media and gameStop may be more from structural financing momentum than from skepticism to Bitcoin itself.
He noted that GameStop initially announced it was considering adopting a Bitcoin strategy, which resulted in a 50% stock and a tenfold increase in trading volume. The company quickly capitalized on the momentum with a salary increase of $1.5 billion in convertible bonds, which he called a move “very successful.” Trump media has taken a similar approach to raise funds through large amounts of convertible bonds.
Sailer said these financing methods could create short-term downward pressure, but investors will benefit over time.
On the strategic side, Sailer said there is no ceiling for his Bitcoin accumulation plan. His company has by far been the largest company holder of cryptocurrencies.
"We will continue to buy Bitcoin," he told CNBC. "We expect the price of Bitcoin to continue to rise. We think buying Bitcoin will be exponential, but we will buy Bitcoin more efficiently."
This is the exact opposite for critics who fear that state and media actors will undermine their decentralized ideals.
“He said: "The network is very rebounding, and the balance of power is here. The more diverse the actors entering the ecosystem, the more diverse the protocols are distributed, the more it becomes, the more powerful it becomes, the stronger it becomes, it means, it means that it becomes more and more trustworthy economic players, otherwise it will be afraid to put all the economic weight on the network."''
watch: Bitcoin’s victory month despite the trade war returning to fear: CNBC’s crypto world
