📌 MAROKO133 Update crypto: Trump’s Crypto Empire Is Crashing — and His Followers A
Since taking office, US President Donald Trump and his family have dived headfirst into a wave of crypto-focused business ventures, briefly seeing their wealth surge on the back of these deals. But that momentum has faded.
Today, both the Trump family’s gains —and those of their most devoted supporters— have been wiped out as market volatility intensifies.
Family Crypto Empire Faces Reversal
Trump’s crypto ventures have become recognizable fixtures across the industry.
They began with the launch of a namesake meme coin, quickly followed by a nearly identical token from First Lady Melania Trump. Then came World Liberty Financial. Eric Trump also stepped in through the Bitcoin mining company Hut 8.
At this point, there’s virtually no corner of the crypto industry the presidential family hasn’t tapped into.
At their peak, the profits from these ventures were striking. Estimates differ, but an August investigation by watchdog group Accountable.US found that roughly 73% of Trump’s wealth was tied to crypto-related deals.
That figure represents a sharp rise from April, when the NGO State Democracy Defenders Fund estimated that 37% of his wealth came from crypto.
That picture, however, has changed dramatically. With markets now slumping and indicators flashing red, the Trump family’s crypto gains have taken a hit.
Family Tokens and Stocks Plunge
The Trump family’s crypto portfolio has been hit across nearly every venture they touched.
Their Trump-branded memecoin reached its latest peak on November 10 at $9.49 but has since plummeted to $6.20 — a nearly 35% drop in just a few days. The family’s exact stake is unclear, but estimates suggest the drop erased about $117 million from their holdings.
Trump Media, the parent company of Trump’s social media platform Truth Social, has also suffered losses, particularly after it decided to invest $2 million worth of Bitcoin in July.
Bloomberg estimates that the value of the president’s stake in the company has dropped by roughly $800 million since September. Trump remains its largest shareholder, with his holdings placed in a trust managed by his eldest son, Donald Trump Jr.
Meanwhile, WLFI has seen its token price decline from $0.26 in early September to roughly $0.15. The decline cut Trump’s locked token value almost in half, dropping from nearly $6 billion to around $3.15 billion.
Even their mining venture, American Bitcoin Corp., hasn’t escaped the rout. The company was formed shortly after Trump’s inauguration in partnership with Hut 8 Corp., which took a majority stake.
Eric Trump ended up with about 7.5% of the firm, while Donald Trump Jr. secured a smaller, undisclosed portion.
The venture initially soared, valuing Eric’s stake at roughly $630 million, but as the market turned, shares fell by more than half, wiping out about $300 million from his holdings.
Market Meltdown Deepens Crypto Losses
The Trump family’s shrinking crypto fortune is just one piece of a wider market collapse that has erased more than $1 trillion in digital asset value.
The sector is facing one of its sharpest downturns in months. Major tokens are experiencing a decline, leveraged positions are unwinding, and liquidation waves are rippling through derivatives markets.
Bitcoin’s selloff has dragged altcoins and crypto-linked equities lower, highlighting how quickly momentum can reverse in a notoriously volatile industry.
Retail investors have borne much of the pain. Many piled into tokens, mining stocks, or high-profile branded projects near their highs, only to see prices crater within weeks.
The post Trump’s Crypto Empire Is Crashing — and His Followers Are Paying the Price appeared first on BeInCrypto.
🔗 Sumber: www.beincrypto.com
📌 MAROKO133 Eksklusif crypto: Metaplanet Doubles Down: $130M Loan to Buy More BT D
Metaplanet, Japan’s largest corporate Bitcoin holder, secured a new $130 million loan to purchase additional BTC despite sitting on over $635 million in unrealized losses.
The company disclosed the borrowing in a November 21 filing under a previously established $500 million credit facility announced in late October.
The lender remains undisclosed at the counterparty’s request. According to the filing, the loan carries a floating interest rate, renews daily, and can be repaid at any time. It is fully secured by the company’s Bitcoin reserves.
Metaplanet currently holds 30,823 BTC, valued at approximately $2.7 billion, with an average acquisition cost of $108,070 per BTC and a total cost basis of $3.33 billion.
With Bitcoin trading below that level, Metaplanet has an unrealized loss of $635.97 million, or –19.1%, as of the most recent treasury update.
The firm emphasized that its collateral capacity remains strong. As of October 31, its Bitcoin holdings totaled the equivalent of $3.5 billion, meaning the combined $230 million it has drawn from the credit line represents a small share of its available backing.
The company said its borrowing strategy maintains a “sufficient collateral buffer even during periods of strong Bitcoin price volatility.”
According to the filing, funds from the new loan will be directed toward accumulating additional Bitcoin, expanding Metaplanet’s Bitcoin income generation business, and executing share repurchases when market conditions allow.
The income business, selling bitcoin options, reached record sales during the third quarter.
Supporters frame the strategy as a calculated bet on Bitcoin’s long-term strength. The company has positioned BTC as its financial backbone, using it as a hedge against Japan’s weakening yen and employing a model similar to Strategy’s.
Critics, however, warn that leveraging a volatile asset could trigger forced sales.
A sharp price drop could trigger margin calls and force liquidations, while Metaplanet’s stock performance hasn’t consistently reflected its growing BTC reserves, showing investor skepticism.
Metaplanet’s loan comes as the Tokyo-listed firm restructures its capital base and seeks alternatives to issuing more common equity.
Last week, the company unveiled plans for two classes of preferred shares, known internally as “Mars” and “Mercury,” designed to raise capital while limiting shareholder dilution.
The initial sale of 23.6 million Mercury shares raised ¥21.2 billion ($135 million), with a 4.9% annual dividend and optional conversion to common stock if Metaplanet’s share price triples from current levels.
The Mars class offers a variable dividend and no conversion feature, giving it higher seniority than common shares.
Metaplanet said the preferred share program is key after its stock began trading below its Bitcoin reserves.
Its market-to-net-asset-value ratio sits at 0.99, a rare discount that led to approval of a ¥75 billion share repurchase program. In October, Metaplanet became the first major Bitcoin-holding company to consistently trade below its net asset value.
The pressure comes amid crypto market losses, with Bitcoin falling 10% in a single session and Ethereum and Solana also sliding.
Across the sector, 26 of 168 Bitcoin-holding companies now trade below the value of their crypto reserves. Corporate accumulation has collapsed as well, dropping to 1,428 BTC in September, a 95% decline from July.
Rival firms are reporting similar stress, with major unrealized losses reported by Marathon, Bitmine, and Galaxy Digital.
Despite the market strain, Metaplanet says it remains committed to its long-term goal of acquiring 210,000 BTC by 2027, adding 17,000 BTC in Q3, ahead of its annual target.
The firm also reported a ¥13.5 billion net profit for the quarter, supported by a rebound in Bitcoin prices after September.
The p…
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🔗 Sumber: cryptonews.com
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