Join Our Telegram channel to stay up to date on breaking news coverage
Trump Media & Technology Group has bought $2 billion worth of Bitcoin, becoming the fifth-largest BTC-holding company, just as Bitcoin critic Peter Schiff urges investors to sell Ethereum to buy BTC.
According to the July 22 announcement, Trump Media’s Bitcoin holdings represent about two-thirds of the company’s $3 billion in liquid assets.
Another $300 million has also been set aside to buy options tied to BTC-linked equities, which may be converted into spot Bitcoin “depending on market conditions,” the company said.
With the latest purchase, Trump Media has overtaken Japan-based Metaplanet as the 5th largest Bitcoin treasury firm. Ranked above the Trump-backed company are Riot Platforms, XXI, MARA Holdings and Strategy (formerly MicroStrategy), according to data from Bitcoin Treasuries.
Bitcoin-Critic Peter Schiff Says Buy BTC
In a surprising shift, longtime Bitcoin critic Peter Schiff is now urging investors to sell Ethereum and buy Bitcoin instead.
Schiff, chief economist and global strategist at Europac and a vocal crypto skeptic for over a decade, said ETH has reached the “upper end of its trading range again” and called rotating into BTC “a better trade.”
Ether is back near the upper end of its trading range again. If you own any, this is a great time to sell. As much as it pains me to say, selling Ether and buying Bitcoin with the proceeds is a better trade than holding Ether.
— Peter Schiff (@PeterSchiff) July 21, 2025
His comments follow a week in which Ethereum surged over 24%, while Bitcoin traded sideways after hitting a new all-time high above $123K.
Bitcoin’s Biggest Upgrade About To Hit The Market
With the Trump family doubling down on BTC and even Schiff recommending a Bitcoin buy, a new presale called Bitcoin Hyper (HYPER) is gaining momentum as a leveraged bet on Bitcoin’s next breakout.
The renewed interest in Bitcoin comes even as the legacy network continues to lag in terms of transaction speeds. While Bitcoin enjoys a first-mover advantage, many investors and traders have turned to Solana and Ethereum for their lower fees and higher speeds.
However, Bitcoin Hyper, a layer-2 scaling solution for the Bitcoin network, aims to cement the original blockchain’s dominance in the market. To do this, the project will integrate with the Solana Virtual Machine (SVM), enabling it to bring SOL speeds to the Bitcoin ecosystem.
That integration will also introduce smart contract functionality to the Bitcoin blockchain, giving the blockchain the infrastructure needed to accommodate decentralized exchanges (DEXs) and other apps.
Powering the new application layer will be Bitcoin Hyper’s native HYPER token.
YouTube channel 99Bitcoins told its over 723K subscribers that HYPER is one of the best crypto ICOs to buy now.
Investors have already pumped more than $4.1 million into the project’s ICO, signaling strong confidence in HYPER’s future at this early stage.
If you would like to join them, buy before a price hike in less than 7 hours.
Check out HYPER on its official website.
Related Articles:
- Block Inc Surges 9% As Jack Dorsey Firm Prepares To Join S&P 500
- UK Eyes $6.7 Billion Bitcoin Sale To Ease Budget Crunch
- Ethereum Devs Drop An NFT To Mark Ethereum’s 10-Year Anniversary
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
