Trump Family, Coinbase, and MSTR Fuel Bitcoin Surge!

Affected by the unexpected progress in the Sino-US tariff war, the three major U.S. stock indexes opened higher overnight.

The cryptocurrency market also received a number of news. The price of $Bitcoin(BTC.USD.CC)$ once rose above the 105,000 mark during the session yesterday.

According to the news, the Trump family’s BTC is about to be listed on a backdoor listing, and $Coinbase Global, Inc.(COIN)$ , the largest cryptocurrency trading platform in the United States, will join the $S&P 500(.SPX)$ index.

1) The Trump family is involved in Bitcoin mining!

According to foreign media reports, on May 12, local time, American Bitcoin, a Bitcoin mining company controlled by Trump's eldest son Donald Trump Jr. and second son Eric Trump, will merge with Nasdaq-listed Bitcoin mining company $Gryphon Digital Mining(GRYP)$ through a share conversion. The transaction is expected to be completed in Q3 2025, and the latter's stock code will be changed to ABTC after completion.

This transaction marks the Trump family's continued layout in the cryptocurrency field. According to the agreement, Trump's two sons and the cryptocurrency mining company $Hut 8 Mining Corp(HUT)$ will hold 98% of the shares of the new company.

After the news was released, Gryphon once rose 400% in the US stock market overnight. As of the close, the stock price rose 173.08% to $1.42, and Hut 8 rose 11.74% to $15.52.

Eric Trump said that they hope to make American Bitcoin the most valuable Bitcoin storage platform in the market!

American Bitcoin is a Bitcoin mining company that was established in March 2025. It was mainly jointly established by $Hut 8 Mining Corp(HUT)$ and American Data Centers . The former invested almost all of its ASIC mining machines (nearly 61,000 units) in exchange for more shares and currently holds 80% of the shares. The latter is held by Donald Trump Jr. and Eric Trump, who hold the remaining 20%. It was subsequently renamed American Bitcoin.

In addition to its own mining business, Hut 8 also adopts a Bitcoin reserve strategy. According to market data statistics, Hut 8 currently owns nearly 10,200 Bitcoins, ranking sixth among listed companies in the world. However, the stock price has not performed well this year. After hitting a stage high of $31.95 in December last year, it has been falling all the way and has fallen by more than 24% since the beginning of this year.

During last year's election campaign, Trump met with executives of cryptocurrency companies at Mar-a-Lago and promised to participate in mining on social media, followed by a series of actions related to the cryptocurrency industry. Analysts believe that U.S. Bitcoin miners have achieved growth, but the market still underestimates their value

Source:Free Malaysia Today

2) $Coinbase Global, Inc.(COIN)$ will join the S&P 500 index!

According to official documents from S&P Global, Coinbase, the largest cryptocurrency in the United States, will be included in the S&P 500 index before trading begins on May 19, replacing Discover Financial Services, which is about to be acquired by Capital One Financial.

In 2023 and 2024, Coinbase's annual growth rate will reach 391.44% and 42.77% respectively, mainly due to the cryptocurrency market brought by Bitcoin breaking through $100,000 and setting a new record high, but this year's stock price has fallen by nearly 17%, and net income in Q1 2025 has declined significantly. Before being included in the S&P 500 index, Coinbase announced last week that it would acquire Deribit, the world's largest Bitcoin and Ethereum options exchange, for $2.9 billion. This is one of the most important acquisitions in the history of the cryptocurrency industry.

After the news was announced, Coinbase's stock price closed up 3.96% to $207.22 yesterday, and it also rose by more than 10% before the market opened today. After Bitcoin broke through and briefly stabilized at the $100,000 mark, Coinbase's inclusion in the S&P 500 index also means that cryptocurrencies are becoming part of the U.S. and global financial systems. An analyst commented: "This is a landmark sign, and it also shows that in the future, cryptocurrency-related stocks will become mainstream like technology stocks!"

3. $Strategy(MSTR)$ has started to increase its holdings again.

From May 5 to 11, the company continued to buy 13,390 Bitcoins at $1.34 billion, with an average purchase price of $99,856, which is close to $100,000 per Bitcoin!

After this increase in holdings, MSTR's Bitcoin holdings have reached 568,840, with a total purchase cost of $39.4 billion and an average purchase price of $69,297.

At the same time, MSTR added that the funds for this increase in positions were mainly raised by selling more than 3.22 million common shares to raise US$1.31 billion, and selling 270,000 STRK preferred shares to raise US$25.1 million. Currently, there are about US$19.7 billion of the former remaining shares to sell, and US$20.85 billion of the preferred shares to sell. At the same time, the company's ATM plan still has a lot of room for issuance.

From the situation of MSTR's continuous increase in holdings, Michael Saylor still feels that the "orange dots" are not enough. He previously hinted on the social platform that he would continue to increase his Bitcoin positions. As of the end of April 2025, MSTR's Bitcoin yield has reached 145%! If the price of Bitcoin continues to break new highs or even reach higher prices this year, the Bitcoin yield of this Bitcoin tycoon will be even more amazing!

Source:MSTR Company Documents

The top 10 companies holding the most Bitcoin: $MicroStrategy(MSTR)$ $Marathon Digital Holdings Inc(MARA)$ $Tesla Motors(TSLA)$ $Hut 8 Mining Corp(HUT)$ $Coinbase Global, Inc.(COIN)$,$Galaxy Digital Holdings Ltd.(BRPHF)$ $Block(SQ)$ $Riot Platforms(RIOT)$ $CleanSpark, Inc.(CLSK)$ worth look at.

🌟🚀Related bitcoin assets: $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $Block(SQ)$ $Hut 8 Mining Corp(HUT)$ $MicroStrategy(MSTR)$ $CME Bitcoin - main 2405(BTCmain)$ $Invesco Galaxy Bitcoin ETF(BTCO)$ $BIT Mining(BTCM)$ $WisdomTree Bitcoin Fund(BTCW)$ $Grayscale Bitcoin Trust(GBTC)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $iShares Bitcoin Trust(IBIT)$ $ARK 21Shares Bitcoin ETF(ARKB)$