Trump Media Shares Surge 1.65% After SEC Approves Bitcoin Reserve

Trump Media & Technology Group Corp (DJT) shares have been experiencing an upward trend in recent trading sessions, following the approval of its proposed Bitcoin reserve by the SEC. This move has sparked positive sentiment among investors, particularly due to the firm's progress on its planned spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs).

According to data, shares of Trump Media rose 1.65% in pre-market trading, following a 1.79% surge to $18.21 during Friday’s trading session. Despite a year-to-date decline of 46.60%, the stock's market capitalization has moved to over $5 billion, with the DJT stock exhibiting high momentum and value scores. As of the latest update, the DJT stock is pegged at $18.55.

Trump Media, the parent company of Truth Social, has shown a strong affinity for cryptocurrencies, particularly Bitcoin. In May, the firm announced a $3 billion investment scheme to buy crypto and has revealed plans to invest in crypto ETFs. In February, Trump Media filed trademarks for multiple Truth․Fi investment products, including a Bitcoin Plus ETF. Recently, NYSE Arca submitted a proposal to the US Securities and Exchange Commission (SEC) to list and trade shares of the Truth Social Bitcoin and Ethereum (ETH) ETF, which aims to reflect the price performance of the two largest cryptocurrencies by market capitalization. The 19b-4 filing follows the S-1 registration statement filed by Trump Media last week, which announced a private offering worth $2.3 billion to create a Bitcoin reserve, now approved by the SEC.

Similar to Trump Media, shares of Coinbase (COIN) rose 2.8% in pre-market trading, with a 12% rally in the last 24 hours, setting the price at $344.82. This rally is notable given that COIN traded at $308 on Tuesday, June 24, 2025. Last week, COIN saw a major pullback, with the value dropping to as low as $253, following the drop in Bitcoin price to the $105,000 level. The latest turnaround in the price of Bitcoin has helped to improve sentiments for the coin. Similarly, Strategy stock (MSTR) is riding on a positive momentum, with a 9.8% increase to $377 per share within the last 24 hours. The average volume is now 14,644,093, while the market cap is over $105 billion.

Bitcoin (BTC), the leading cryptocurrency, is inching closer to hitting a new All-Time High (ATH) after days of persistent volatility. In today’s morning trading session, Bitcoin crossed over the $107,000 mark, demonstrating its resilience. At press time, the BTC price was $106,982, up 1.8% from the previous day. The rising trading volume indicates that the coin’s market activity is currently high. Now that Bitcoin has overcome critical resistance at $107,000, it could easily reclaim its all-time high (ATH). Market analysts noted that $110,000 is the next resistance to watch. A breakout above this level could trigger the next bullish leg. On the contrary, failure to reclaim that level may result in continued consolidation.