A wave of filings, treasury moves, and regulatory changes rocked the cryptocurrency landscape.
Trump Media seeks SEC approval, Blockchain Group doubles down on Bitcoin, and the UK lifts retail restrictions. These are the key stories in crypto this week.
Trump Media files $2.3B Bitcoin treasury registration with SEC
Trump Media & Technology Group (TMTG), the company behind Truth Social, filed a Form S-3 registration on Thursday to raise $2.3 billion for a Bitcoin treasury strategy.
The deal involves 85 million shares tied to equity and convertible notes. CEO Devin Nunes said the firm is eyeing “crown jewel assets” and seeking expansion flexibility.
TMTG has also signed agreements to launch crypto ETFs under the “Truth.Fi” brand in partnership with Crypto.com.
While details on the amount of Bitcoin to be acquired remain scarce, the move cements TMTG’s ambitions in the digital asset space.
The Blockchain Group doubles down on Bitcoin with $68M purchase
Paris-based The Blockchain Group, which calls itself “Europe’s first Bitcoin Treasury company”, added 624 BTC worth $68.7 million to its reserves this week.
With a long-term target of owning 260,000 BTC by 2034, the firm now holds 1,471 BTC after raising capital via bonds and private investments.
🟠The Blockchain Group announces a convertible bond issuance of ~€63.3M to pursue its Bitcoin Treasury Company strategy, bringing its total potential holdings to ~1,437 BTC after completion⚡️
— The Blockchain Group (@_ALTBG) May 26, 2025
Full Press Release (EN): https://t.co/Vw2mGH84Dt
Full Press Release (FR):… pic.twitter.com/xDky2hrU4s
The acquisition, made through Swissquote Bank Europe and Banque Delubac & Cie, is part of a broader institutional trend.
Citing a 1,097.6% YTD BTC yield, the company said it aims to build a “Bitcoin fortress”, echoing MicroStrategy’s aggressive treasury model.
FCA lifts ban on crypto exchange-traded notes for UK retail investors
In a landmark policy shift, the UK’s Financial Conduct Authority (FCA) will now allow retail investors to access crypto exchange-traded notes (cETNs), provided they are listed on FCA-approved exchanges.
The regulator said in a release on Friday that consumers must still receive full risk disclosures, aligning crypto with broader financial product standards.
The move follows mounting political and industry pressure to position Britain as a competitive crypto hub and is expected to unlock new demand from individual investors nationwide.
Ripple’s XRP slides 9% despite bullish institutional moves
XRP fell over 2% in 24 hours to $2.20 on Wednesday, extending a weekly decline of more than 9% amid failed technical breakouts and surging trading volume.
Despite bearish price action, open interest in XRP derivatives hit $4 billion, and accumulation by long-term players suggests strategic buying at current levels.
Meanwhile, firms like VivoPower and Webus International announced major XRP treasury initiatives.
Some analysts still forecast a move toward $5 by 2027, though others warn delays and macro stress could prolong XRP’s underperformance.
Bitcoin slips below $104K amid market reset and rising macro pressure
After reaching an all-time high of $111,880 in late May, Bitcoin has dipped nearly 7% as traders take profits and derivatives markets cool.
Bitfinex’s report highlights $49.4 billion in options open interest prior to expiry and signals of overheating, while the U.S. 30-year Treasury yield breached 5%, the highest since 2009.
Analysts view the drop as a “healthy reset” rather than a reversal, especially as institutional flows remain strong despite economic concerns and leveraged liquidations.
Altcoin season on the horizon, but investors remain cautious
A new ChainPlay survey shows 85% of crypto investors expect an altcoin season within a year, yet most portfolios remain Bitcoin-heavy.
Just 20.1% hold more than 50% in altcoins, with Layer 1 tokens like Ethereum and Solana seen as likely leaders.
Key triggers cited include BTC price stagnation and regulatory clarity, while real-world utility and strong teams now rank higher than tokenomics or hype.
Over half of respondents plan to increase altcoin exposure, but only if market signals improve.
Metaplanet announces $5.4B equity raise to join Bitcoin 1% club
Japanese firm Metaplanet unveiled today its boldest Bitcoin acquisition plan yet, launching a ¥850 billion ($5.4 billion) equity raise to reach 210,000 BTC by 2027.
Thrilled to announce Asia’s largest-ever equity raise to buy Bitcoin — again! 🚀 This time: $5.4 billion to accelerate our Bitcoin strategy. Our new target: 210,000 BTC by 2027.
— Simon Gerovich (@gerovich) June 6, 2025
Details here: https://t.co/ahL27o9QBg pic.twitter.com/njYybVq1uu
The campaign, called the “555 Million Plan”, aims to use moving strike warrants and convertible bonds to fund purchases.
Metaplanet currently holds 8,888 BTC after buying an additional 1,088 this week, with a YTD BTC yield of 225.4%.
“We are not scared of turbulence—we harness it,” said the firm, which is now Japan’s highest-turnover stock.
