Dominari Holdings (DOMH), a publicly listed wealth management and investment firm based in Trump Tower, New York, has initiated a corporate Bitcoin reserve strategy, becoming one of the latest traditional finance companies to formally enter the crypto investment arena.
The move, disclosed in its latest Q4 earnings report, includes a $2 million allocation toward shares of BlackRock’s iShares Bitcoin Trust (IBIT)—currently the largest spot Bitcoin ETF on the market. Management stated that the firm intends to continue adding to its Bitcoin ETF position as its cash reserves grow.
The Bitcoin ETF announcement arrives just weeks after Donald Trump Jr. and Eric Trump joined Dominari Holdings’ board of advisors, making headlines and drawing attention to the company’s expanding profile. The siblings are also investors in the firm, further deepening the intersection between Trump-aligned entities and the cryptocurrency market.
“2024 was a transformative year for Dominari, marked by significant revenue growth, strategic investments, and expansion activities to further develop our operational footprint,” Anthony C. Hayes, CEO of Dominari, commented.
“As we continue to expand our capacity to provide comprehensive investment banking services, we remain committed to our broader strategy of transitioning into a dynamic holding company, strategically investing in emerging technologies that drive innovation and long-term value for our shareholders.”
Strategic Investment in Bitcoin ETF
Unlike many firms that directly purchase and custody Bitcoin, Dominari Holdings is choosing to gain crypto exposure through a more compliance-friendly route: regulated exchange-traded funds. The company’s decision to back BlackRock’s IBIT instead of holding Bitcoin directly reflects a desire for streamlined accounting, clearer audit trails, and reduced custody risks—a model that may appeal to other public companies weighing similar moves.
This approach also aligns with broader political signals from the Trump orbit. Donald Trump Jr., now an advisor and investor in Dominari, has been increasingly active in the digital asset space. His growing involvement in multiple crypto ventures and vocal support for digital finance mirrors a broader push by the Trump family to position itself at the center of America’s evolving crypto agenda. Just days prior to Dominari’s announcement, World Liberty Financial (WLFI), a blockchain protocol backed by the Trump family, revealed plans to launch a U.S. Dollar-pegged stablecoin.
Corporate Bitcoin Strategies Multiply as Trump Allies Join the Trend
The rise of institutional Bitcoin strategies is accelerating under a more crypto-aligned White House. Riding the momentum built by MicroStrategy (MSTR)—the largest corporate holder of Bitcoin—several companies are now formalizing treasury plans built around digital assets, often with backing from politically influential figures.
This week, Metaplanet, a Japan-based firm, disclosed a $12.6 million Bitcoin purchase shortly after appointing Eric Trump to its advisory board. The company has outlined a bold objective: to accumulate 10,000 BTC by the end of 2025, a move that would cement its position as Asia’s largest corporate Bitcoin holder.
Meanwhile, in the U.S., GameStop announced a plan to raise $1.3 billion through convertible debt, earmarked for building a Bitcoin treasury. The decision has sparked debate among analysts, with some praising the long-term vision while others flag concerns about dilution and the company’s uneven financial track record.
Quick Facts:
- Dominari Holdings, advised by Donald Trump Jr. and Eric Trump, has invested $2 million in BlackRock’s iShares Bitcoin Trust (IBIT).
- The firm opts for a regulated ETF to streamline compliance over direct Bitcoin holdings.
- BlackRock’s IBIT provides traditional investors with structured exposure to Bitcoin.
- Political engagement in crypto investments is on the rise, highlighted by initiatives such as Trump Media’s ETF collaborations.
