Dominari Holdings Inc., a small funding financial institution primarily based in Trump Tower, is stockpiling bitcoin because it pivots deeper into crypto, Bloomberg first reported.
Funding Financial institution Tied to Trump Household Deepens Crypto Footprint
Dominari Holdings Inc. (Nasdaq: DOMH), a small financial institution headquartered in New York’s Trump Tower, is growing its bitcoin ( BTC) holdings whereas pursuing an aggressive pivot from biotech to finance. Bloomberg first reported the event, which coincides with the agency’s high-profile enlistment of U.S. President Donald Trump’s sons Eric Trump and Donald Trump Jr. as advisers.
The financial institution’s shares have climbed 466% for the reason that begin of the yr.
Bloomberg journalists Annie Massa, Bailey Lipschultz, and Dylan Sloan disclose that the corporate has misplaced $70 million over the previous three years and presently focuses on underwriting penny inventory IPOs, a sector identified for its volatility. Because the Trump brothers joined in February, Dominari’s inventory climbed considerably, and every was granted shares doubtlessly value $8 million. Bloomberg notes that its bitcoin place features a $2 million stake in a bitcoin ETF.
Dominari has additionally entered a strategic partnership with bitcoin miner Hut 8 Corp. by means of a>Might 12 SEC submitting, Dominari and its companions will retain 98% possession of the newly mixed firm, which is able to commerce beneath the ticker “ABTC.”
The submitting emphasizes bitcoin mining (by way of ABTC) as the first focus, but it surely additionally highlights Dominari’s broader funding technique in information facilities, synthetic intelligence (AI), and monetary providers by means of its subsidiaries. Eric Trump is predicted to function chief technique officer of American Bitcoin as soon as the merger is full, additional aligning the initiative together with his father’s pro-crypto posture.
Within the press launch connected to the SEC submitting, Dominari President Kyle Wool referred to as the merger “validation” of the agency’s technique. But, the agency reported a $32.5 million internet loss for the primary quarter of 2025, exacerbating its ongoing monetary challenges. Bloomberg’s Massa, Lipschultz, and Sloan famous {that a} third of Dominari’s current preliminary public choices (IPOs) fell greater than 75% inside a yr of launch. 12 months so far, nevertheless, DOMH, Dominari’s shares have risen 466% in opposition to the U.S. greenback.
