Morning DD amigos! Despite the market downer, we are back this week to lift your spirits. We firmly believe this bearish cloud, too, shall pass to make way for the sun again. Join us as we explore crypto market stories that reinforce bullish sentiment amidst this lingering bearish gloom.
Here’s what we’ve got for you in this issue –
- Sun is shining bright on Sun’s Tron
- Strategy’s BTC strategy is still on fire
- Metaplanet’s Big Boy moves
SEC Fine Nooooo, “Sun” Shine Yeahhhh😎
The Sun’s shining on Justin Sun way too brightly as he gets ready to make his American dream come true. Yes, you read it and also understood it correctly.
TRON is going public in the US through a reverse merger with Nasdaq-listed SRM Entertainment. And, guess which entity brokered the deal?
Dominari Securities – a boutique investment bank linked to the Trump family.
Looks like the Tron founder’s hobnobbing with the Trump family is paying well (literally).
Source: @GIPHY
What happened:
- SEC has paused the securities fraud and market manipulation probe on Sun and his “crypto companies” since February.
- Sun invested $75 million in President Trump-backed World Liberty Financial.
- What followed later was a dinner with the 25 biggest TRUMP memecoin whales.
What will happen now:
- SRM Entertainment, a theme park merchandise supplier with licensing deals with Disney, Universal Studios, and SeaWorld, will rebrand to Tron, Inc.
- It will raise $100 million privately to buy TRX and issue shares with a valuation of $210 million.
- Tron, Inc. plans to launch a dividend program once a TRX staking strategy is live (think of Michael Saylor-led Strategy, but with a buy-and-hold TRX “strategy”).
- Justin Sun will be in an advisory role. Eric Trump is also expected to take a seat at the table, although he has publicly denied it.
Source: @EricTrump
The “obvious” result:
- TRX has been in an uptrend (since 2022) –
- SRM shares popped almost 600% in one day –
- And crypto just got a whole lot more political.
It’s the first time a crypto founder under active SEC scrutiny is going public, with the backing of a sitting President’s family. It also marks the start of public market crypto treasuries 2.0, with projects following the Saylor playbook and parking their tokens inside public companies to gain legitimacy, liquidity, and probably protection.
And if this works?
Don’t be surprised if Solana Inc., Avalanche Corp, or even Dogecoin Enterprises come knocking next.
Order: 10,100 BTC, Amount: $1.05 Billion, Saylor: No Problem👍
No points for guessing what Michael Saylor’s company Strategy did once again.
Their website says, “business intelligence” and “cloud-native software development.”
We say they just buy and hold Bitcoin, while “milking creamy BTC yield”. As simple as that. And they have gotten pretty good at it over the last few years.
Their recent purchase of 10,100 BTC worth $1.05 billion is a testimony to the fact.
Source: @saylor
How did they do it this time?
The ammo for this mega-buy didn’t come from cash reserves.
It came from preferred stock classes designed for one thing: turning fiat into Bitcoin at scale.
- $1B raised via STRD (their new perpetual preferred stock)
- $45.2M raised via STRK
- $28.6M raised via STRF
- Billions more authorized for future raises
Call it the Bitcoin Refinancing Loop™ — raise capital from traditional markets, convert it into BTC, and repeat.
At this point, Strategy is the third-largest Bitcoin holder in the world after Satoshi Nakamoto (BTC creator) and Binance.
Strategy’s Bitcoin playbook is now the company’s revenue playbook. And for “ship captain Saylor,” it’s not about corporate BTC adoption anymore.
It’s about morphing into a full-blown financial operating system built entirely around Bitcoin-backed capital markets.
Every new stock class they issue is essentially another vault door opening into a BTC-backed asset base.
And the way they’re structuring it — with massive authorizations still untouched — they’re just getting started.
With 592,000 BTC already in their bags, the company is swiftly nearing the 600K mark.
And we are watching “with bated breath.”
Metaplanet: From Obscurity To Bitcoin Big Boy✊
Tokyo-based Bitcoin Treasury company, Metaplanet, now owns more Bitcoin than Coinbase.
The once-obscure Japanese firm has officially crossed 10,000 BTC on its balance sheet — leapfrogging Coinbase and joining the exclusive club of mega corporate holders.
Source: @gerovich
What we are witnessing is not just an asset allocation/diversification of the company treasury.
Metaplanet wants to own 1% of the total Bitcoin supply (210,000 BTC) by 2027. And they are serious.
Let’s Talk Numbers
- BTC Holdings: 10,000 BTC
- Cost Basis: $947M
- YTD BTC Yield: +266%
- Stock YTD: +430%
- Capital Raised (2025): $5.4B
- Target BTC by 2026: 100,000
- Target BTC by 2027: 210,000 (~1% of total supply)
Now you must be thinking, isn’t this what Strategy is doing?
Sure, the playbook feels familiar.
But here’s why this isn’t Strategy 2.0
- First Japanese firm to execute a premium-priced equity raise for Bitcoin.
- First to weaponize volatility as a fundraising edge.
- First time a corporate BTC playbook gets this aggressive outside the US.
And they’re scaling faster — hitting 10,000 BTC in months, not years
Metaplanet doesn’t want to play the mediocre corporate BTC accumulation game.
Their vision is big, bold, and boisterous. With 100,000 BTC in 18 months and 210,000 by 2027 as targets, this is the most ambitious corporate accumulation plan in the history of Bitcoin.
And they are not slowing down. From the looks of it, their future BTC buys are going to get much more aggressive.
Metaplanet wants to own the cycle. And if they pull it off, Japan won’t just be home to Bitcoin regulation — it could become Bitcoin’s balance sheet capital.
While forgotten corporations become relevant once again, through their “war-like” Bitcoin treasury building moves, we build up our motivation, hopes, and research abilities to get you the hottest crypto stories twice every week. Bulls are going to go hyper this cycle. And we just want to track their every move to get you curated info so that you, too, can swim with them and ride the green wave.
Stay strong. Stay sharp. Keep rocking. We will see you at the next one.👋
