Dominari Holdings just dropped $2 million into BlackRock’s Bitcoin ETF, making waves from their Trump Tower headquarters. With Donald Jr. and Eric Trump on the advisory board, this former biotech company’s crypto pivot is turning heads. The $70 million market cap firm chose ETFs over direct Bitcoin purchases, dodging the whole “lost password” nightmare. Their strategic move follows bigger players like MicroStrategy, but with their own Trump-sized twist. There’s more to this story than meets the portfolio.
Dominari Holdings is diving headfirst into Bitcoin, throwing $2 million into BlackRock’s iShares Bitcoin Trust ETF. The Nasdaq-listed company, worth about $70 million in market cap, isn’t exactly playing small ball here.
Nasdaq player Dominari Holdings jumps into crypto, dropping $2M on BlackRock’s Bitcoin ETF despite its modest $70M market cap.
And yes, you read that right – they’re running this operation right out of Trump Tower, with Donald Jr. and Eric Trump sitting pretty on their advisory board.
The timing’s interesting, with Bitcoin hovering around $83,771 in late March 2025. Dominari’s gone the ETF route instead of buying actual Bitcoin – smart move for a company that’s still technically got one foot in biotech. It’s simpler, cleaner, and keeps the accountants from having nervous breakdowns. Spot Bitcoin ETFs provide direct exposure to the cryptocurrency’s price movements through secure cold storage.
They’re not alone in this crypto carnival. MicroStrategy’s sitting on a mountain of over 500,000 Bitcoin, while companies like KULR Technology Group are dumping up to 90% of their extra cash into digital gold. The latest data shows substantial net inflows into Bitcoin spot ETFs, indicating growing market confidence. KULR has already acquired 668.3 BTC worth roughly $65 million.
Dominari’s $2 million might look like pocket change in comparison, but with annual revenue around $19 million, they’re not exactly playing with Monopoly money.
The company’s making it clear they’re not done yet. As their cash pile grows, so will their Bitcoin holdings. It’s a bold strategy, Cotton – let’s see if it pays off. They’re betting Bitcoin will work as an inflation hedge, which is either brilliant or bonkers, depending on who you ask.
What’s particularly crafty about their approach is using BlackRock’s ETF. It’s like Bitcoin investing with training wheels – all the exposure, none of the custody headaches. No need to worry about lost passwords or hacked wallets.
Plus, it keeps the regulators happy, which is always a bonus when you’re playing in the big leagues.
For a company that started in biotech, this is quite the plot twist. But in a world where traditional finance is increasingly flirting with crypto, maybe it’s not so strange after all.
One thing’s for sure – with their Trump Tower address and growing Bitcoin stack, Dominari’s definitely not flying under the radar anymore.
