Trump Jr.-Linked Firm Secures $50M War Chest for Crypto Expansion – Bullish Move or Political Play?

A venture tied to Donald Trump Jr. just pocketed $50 million to dive headfirst into crypto. The move sparks equal parts intrigue and eye-rolls from Wall Street veterans.

From Politics to Pumps?

The funding round—timed amid crypto’s resurgence—raises eyebrows. Is this a genuine market bet or just another celebrity-adjacent cash grab? Sources whisper the firm’s eyeing DeFi and tokenized assets.

The Cynic’s Take

Because nothing screams 'sound investment' like mixing political dynasties with volatile digital assets. At least the SEC’s too busy chasing bigger fish to care.

Key takeaways

Thumzup Media, backed by Donald Trump Jr., has raised $50 million to invest in crypto mining and blockchain as Bitcoin reaches a new all-time high. This coincides with President Trump’s latest attacks on Fed Chair Jerome Powell,

Thumzup Media Corporation, a social media and crypto buying firm linked to Donald Trump Jr., has secured $50 million to push into crypto mining and blockchain bets.

The move comes as bitcoin [BTC] hits a new ATH and President Donald Trump threatens a “major lawsuit” against Fed Chair Jerome Powell.

Trump Jr. linked firm raises $50M for crypto pursuits

Fresh off a $50 million capital raise through a $10-per-share offering, the firm plans to expand its strategy to include large-scale Bitcoin mining and targeted blockchain investments.

Source: thumzupmedia.com

Part of the funds will go toward purchasing advanced mining rigs, with talks already underway with technology providers to fast-track deployment.

Thumzup, which bought its first Bitcoin in January and now holds 19.1 BTC, joins a growing list of public companies treating crypto as a strategic asset.

Donald TRUMP Jr. owns 350,000 shares in the company.

Bitcoin rally on the macro wave

Building on Thumzup’s bullish timing, Bitcoin surged past $123,231 on the 13th of August, a fresh all-time high on Coinbase.

The milestone came alongside a record-setting S&P 500, as softer-than-expected inflation data caused Optimism in risk markets.

July’s CPI held steady at 2.7% year-over-year – below forecasts – while monthly price growth slowed, strengthening bets on a September rate cut.

The CME FedWatch tool now pegs those odds at nearly 96%.

Source: cmegroup.com

Looser monetary policy and an end to quantitative tightening have so far supported Bitcoin’s momentum.

Investors also see effects from President Trump’s One Big Beautiful Bill making way for more crypto gains.

Trump eyes Fed successor amid Powell criticism

As Bitcoin’s rally unfolds, the political spotlight is also on the Federal Reserve.

President Donald Trump has intensified his attacks on Jerome Powell, calling him “Too Late” and claiming “the damage” as “incalculable.”

He blasted a $3 billion Fed building project as “a job that should have been a $50 Million Dollar fix up. Not good!”

Source: Truth Social

Meanwhile, the administration is vetting 11 potential successors for when Powell’s term ends in May.

New names in the mix include Jefferies strategist David Zervos, former Fed Governor Larry Lindsey, and BlackRock CIO Rick Rieder. They join a roster of seasoned monetary policy hands.

Officials have described the process as “deliberative.” Treasury Secretary Scott Bessent is set to interview all contenders before narrowing the field for Trump’s decision.