Bitcoin Breaks New Ground: Trump Tower Dubai Embraces Crypto for Luxury Real Estate
In a landmark move for cryptocurrency adoption, Dubai’s $1 billion Trump Tower has announced it will accept Bitcoin and other digital assets for luxury condo purchases through Deus X Pay. This strategic partnership marks a significant step in bridging high-end real estate with the crypto economy, with Eric Trump highlighting the growing role of digital assets in luxury markets. As of May 21, 2025, Bitcoin trades at 106,766.68 USDT, underscoring the maturation of crypto as a transactional medium for premium assets.
Trump Tower Dubai Accepts Bitcoin for Luxury Condo Purchases via Deus X Pay
Dubai’s $1 billion Trump Tower, the first Trump International Hotel in the Middle East, will now accept Bitcoin and other cryptocurrencies for property transactions through Deus X Pay. The institutional stablecoin payment solution is bridging digital assets and high-end real estate, with Eric Trump confirming the move as a strategic embrace of crypto’s role in luxury markets.
Developed in partnership with Dar Global, the project signals a watershed moment for institutional crypto adoption. Ziad El Chaar, CEO of the London-listed developer, emphasized the tower’s global significance as a flagship Trump-branded residence. The deal underscores growing demand for crypto payment rails in cross-border luxury transactions.
Strive Asset Management Targets Mt. Gox Bitcoin Claims for Discounted BTC Accumulation
Strive Asset Management, co-founded by Vivek Ramaswamy, is aggressively pursuing distressed bitcoin claims—particularly from the defunct Mt. Gox exchange—to bolster its BTC treasury. A recent SEC filing reveals plans to acquire up to 75,000 BTC at below-market rates, positioning the firm alongside major corporate holders.
The strategy leverages partnerships with 117 Castell Advisory Group to identify legally settled but undispersed claims. By securing discounted exposure, Strive aims to enhance its Bitcoin-per-share metric and outperform BTC’s price appreciation over time.
Blackstone Makes First Crypto Investment with BlackRock’s Bitcoin ETF
Blackstone, the world’s largest alternative asset manager with $1.2 trillion in AUM, has taken its first step into cryptocurrency through a modest investment in BlackRock’s spot Bitcoin ETF. A May 20 filing revealed the firm purchased $1.08 million worth of shares in the iShares Bitcoin Trust (IBIT), representing just 23,094 shares at quarter-end.
The allocation was made through Blackstone’s Alternative Multi-Strategy Fund (BTMIX), a $2.63 billion vehicle. While insignificant relative to the firm’s total assets, the MOVE marks a symbolic shift for traditional finance giants cautiously embracing digital assets. Bitcoin’s institutional adoption continues gaining momentum through regulated products rather than direct crypto exposure.
Standard Chartered Reaffirms $500K Bitcoin Price Target Amid Sovereign BTC Accumulation
Standard Chartered maintains its bullish $500,000 Bitcoin price target, citing growing indirect exposure from sovereign entities through MicroStrategy (MSTR) share purchases. The bank’s digital assets research head Geoffrey Kendrick notes 12 government entities acquired positions equivalent to 31,000 BTC in Q1 2024.
While spot Bitcoin ETFs now offer direct exposure, sovereign interest in MSTR shares demonstrates institutional conviction in Bitcoin’s long-term value proposition. This trend aligns with Standard Chartered’s projection of BTC reaching half a million dollars during the next US presidential term.
Bitcoin Suisse Gains In-Principle Approval from ADGM for Middle East Expansion
Bitcoin Suisse, a leading Swiss crypto financial services provider, has secured in-principle approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority. The milestone enables its subsidiary BTCS (Middle East) Ltd. to advance toward full licensing, marking a strategic push into the Middle Eastern market.
The approval underscores Bitcoin Suisse’s commitment to regulatory compliance and global growth. Once fully licensed, the firm will offer regulated crypto financial services, reinforcing its client-centric approach in a region increasingly embracing digital assets.
