barnyarddog
2 일 전
Dominari Securities’ Post 1 week ago
Eric Trump: 'We Are Reinventing the Financial System'
https://www.linkedin.com/posts/dominarisecurities_erictrump-americanbitcoin-bitcoin-activity-7312924295347789825-fIrg
About us
Dominari Securities, a principal subsidiary of Dominari Holdings Inc. (Nasdaq: DOMH), is a full-service boutique investment bank catering to growth-minded, high-net worth individuals, family offices, small-to-midsized institutions, entrepreneurs, and founders. Dominari Securities advisors are empowered with the most advanced analytical and technological resources in the financial services industry which gives them a cutting-edge advantage in finding investment opportunities across all sectors in any market condition.
barnyarddog
3 일 전
Dominari Holdings’ Post 1 week ago
The Trump Family Advances Its All-Out Crypto Blitz, This Time With Bitcoin Mining
https://www.linkedin.com/posts/dominariholdings_dominariholdings-domh-trumpfamily-activity-7312491829352894464-636q
About us
Dominari Holdings Inc., d/b/a Dominari Inc. (Nasdaq: DOMH) is dedicated to helping ambitious companies across the financial services, fintech, biotechnology and pharmaceutical industries reach their full growth potential. Through sound investments and strategic management support, Dominari companies benefit from our accretive business model that optimizes synergies and allows entrepreneurial-minded leaders to operate efficiently and profitably…all with the ultimate goal of delivering a higher rate of returns for our shareholders.
barnyarddog
3 일 전
Dominari Holdings, Inc. engages in wealth management, investment banking, sales and trading, and asset management through its subsidiaries. It operates through the Dominari Financial and Legacy AIkido business segments. The Dominari Financial segment represents the company's broker-dealer business, which is composed of mostly underwriting and transactional service activities. The Legacy AIkido segment includes Aikido Labs, which manages the investments holdings of the legacy entity. The company was founded by Gilbert V. Levin and M. Karen Levin in 1967 and is headquartered in New York, NY.
barnyarddog
1 주 전
New York City/PRNewswire/March 31, 2025, Dominari Holdings Inc. (Nasdaq: DOMH) today announced that American Data Centers Inc. (“ADC”) and Hut 8 Corp, (“Hut”) partnered to form American Bitcoin Corporation. As previously announced, ADC was a wholly owned subsidiary of Dominari, but became an independent company, whose members include Donald J. Trump Jr., Eric Trump, Dominari and other industry professionals in the AI space. In partnership with Hut, American Bitcoin Corp., will focus on industrial-scale bitcoin mining and strategic bitcoin reserve development and monetization.
Key Terms of the Transaction with Hut
As set forth in Dominari’s Form 8-K filed on March 31, 2025, Dominari completed its first strategic initiative under the guidance and support of its Board of Advisors. The launch of American Bitcoin follows the strategic contribution of substantially all of Hut’s ASIC miners to American Data Centers, in exchange for a majority interest. In connection with the transaction, American Data Centers was subsequently renamed and relaunched as American Bitcoin. In addition, Hut and American Bitcoin also entered into definitive agreements providing for Hut and its personnel to provide day-to-day commercial and operational management services and ASIC colocation services to American Bitcoin. As a result of the transactions, all Bitcoin mining operations previously reported under Hut’s “Compute” segment as Bitcoin Mining, will now operate under the American Bitcoin brand. Dominari Board of Advisors member, Eric Trump, is the Co-Founder and Chief Strategy Officer of American Bitcoin.
American Bitcoin aims to become the world’s largest, most efficient pure-play bitcoin miner while building a robust strategic bitcoin reserve. The transaction combines Hut’s proven mining operations, cost-efficient infrastructure development capabilities, and disciplined approach to capital allocation, with Eric Trump’s commercial acumen, capital markets expertise, and commitment to positioning the United States as a global leader in the advancement of decentralized financial systems.
......American Bitcoin has become a subsidiary of Hut 8 in which the Company holds a minority interest., ....-- Dominari Holdings Inc ?
FORM 8-K
03/31/2025
https://www.otcmarkets.com/filing/html?id=18326538&guid=F_h-kFPPLURYzch
Stks_Not_Toys
1 주 전
By David Yaffe-Bellany - The New York Times
March 31, 2025
Two of President Trump’s sons announced on Monday that they were investing in a new Bitcoin mining venture, an expansion of the family’s business interests in the crypto industry.
Eric Trump and Donald Trump Jr. said they would join forces with the Bitcoin mining company Hut 8 to create a firm called American Bitcoin. Bitcoin mining is a lucrative branch of the crypto industry, in which large companies run energy-guzzling machines that help process Bitcoin transactions.
“From the start, we’ve backed our conviction in Bitcoin, personally and through our businesses,” Donald Trump Jr. said in a statement. “But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity.”
Under the terms of the deal, Hut 8 will control 80 percent of the new company, with the other 20 percent going to a business entity called American Data Centers, whose investors include the two Trump sons. The announcement on Monday by Hut 8 listed Eric Trump as a co-founder of the new mining venture and said he would serve as its chief strategy officer.
The mining project is the third major crypto venture that the Trump family has started over the past year. During the campaign, Donald Trump and his sons launched a crypto company, World Liberty Financial, that offers two types of digital currencies, including a so-called stablecoin unveiled last week.
Then, on the eve of Mr. Trump’s inauguration, he and his wife, Melania Trump, each launched a memecoin, a type of cryptocurrency based on an online joke or mascot.
These business ventures have created some of the most overt conflicts of interest in the history of the American presidency, according to government ethics experts. Since taking office, Mr. Trump has relaxed enforcement of the crypto industry and announced the creation of a government stockpile of Bitcoin and other digital currencies.
Four years ago, Mr. Trump was a crypto skeptic who dismissed Bitcoin as a “scam.” Now, he regularly promises to turn the United States into the “crypto capital of the planet.”
Bitcoin mining has been among the most widely criticized features of the crypto industry. When Bitcoin was a niche, novelty investment, anyone could run a computer program to help process Bitcoin transactions, earning new Bitcoins as a reward.
But as the industry grew, the amount of computing power required for mining skyrocketed. Publicly traded firms like Hut 8 run sprawling data centers packed with servers that power Bitcoin transactions. These mining operations have drawn complaints from environmental organizations and people who live near the noisy machines.
The origins of the Trump family’s mining venture trace back to February, when the investment firm Dominari Holdings announced the creation of American Data Centers. At the time, Eric Trump, a member of Dominari’s advisory board, said that the venture was designed to develop computing infrastructure for the artificial intelligence industry.
For now, though, the objective is Bitcoin mining. The Trump family’s venture will focus on running Bitcoin mining machines and establishing a large stockpile of the cryptocurrency, according to the announcement. A post on the new venture’s X account said Eric Trump would present his “vision and strategy” for American Bitcoin in a livestream on Tuesday.
Stks_Not_Toys
1 주 전
Trump Family Pushes Further Into Crypto, Starting Another Venture
Eric Trump and Donald Trump Jr. are investing in a Bitcoin-mining company called American Bitcoin, created by the merger of two firms.
Share full article
Eric Trump is listed as the chief strategy officer of the new Bitcoin-mining company.Credit...Tamir Kalifa for The New York Times
David Yaffe-Bellany
By David Yaffe-Bellany
March 31, 2025
Two of President Trump’s sons announced on Monday that they were investing in a new Bitcoin mining venture, an expansion of the family’s business interests in the crypto industry.
Eric Trump and Donald Trump Jr. said they would join forces with the Bitcoin mining company Hut 8 to create a firm called American Bitcoin. Bitcoin mining is a lucrative branch of the crypto industry, in which large companies run energy-guzzling machines that help process Bitcoin transactions.
“From the start, we’ve backed our conviction in Bitcoin, personally and through our businesses,” Donald Trump Jr. said in a statement. “But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity.”
Under the terms of the deal, Hut 8 will control 80 percent of the new company, with the other 20 percent going to a business entity called American Data Centers, whose investors include the two Trump sons. The announcement on Monday by Hut 8 listed Eric Trump as a co-founder of the new mining venture and said he would serve as its chief strategy officer.
The mining project is the third major crypto venture that the Trump family has started over the past year. During the campaign, Donald Trump and his sons launched a crypto company, World Liberty Financial, that offers two types of digital currencies, including a so-called stablecoin unveiled last week.
Then, on the eve of Mr. Trump’s inauguration, he and his wife, Melania Trump, each launched a memecoin, a type of cryptocurrency based on an online joke or mascot.
These business ventures have created some of the most overt conflicts of interest in the history of the American presidency, according to government ethics experts. Since taking office, Mr. Trump has relaxed enforcement of the crypto industry and announced the creation of a government stockpile of Bitcoin and other digital currencies.
Four years ago, Mr. Trump was a crypto skeptic who dismissed Bitcoin as a “scam.” Now, he regularly promises to turn the United States into the “crypto capital of the planet.”
Bitcoin mining has been among the most widely criticized features of the crypto industry. When Bitcoin was a niche, novelty investment, anyone could run a computer program to help process Bitcoin transactions, earning new Bitcoins as a reward.
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But as the industry grew, the amount of computing power required for mining skyrocketed. Publicly traded firms like Hut 8 run sprawling data centers packed with servers that power Bitcoin transactions. These mining operations have drawn complaints from environmental organizations and people who live near the noisy machines.
The origins of the Trump family’s mining venture trace back to February, when the investment firm Dominari Holdings announced the creation of American Data Centers. At the time, Eric Trump, a member of Dominari’s advisory board, said that the venture was designed to develop computing infrastructure for the artificial intelligence industry.
From The New York Times, 3 April 2025
For now, though, the objective is Bitcoin mining. The Trump family’s venture will focus on running Bitcoin mining machines and establishing a large stockpile of the cryptocurrency, according to the announcement. A post on the new venture’s X account said Eric Trump would present his “vision and strategy” for American Bitcoin in a livestream on Tuesday.
Stks_Not_Toys
1 월 전
From Barron's:
Investment and banking holding company Dominari Holdings announced on Feb. 11 that Donald Trump Jr. and Eric Trump, two sons of President Donald Trump, joined the company’s board of advisors and invested in Dominari. A week later, Dominari said it formed a new company with the Trump brothers to build data centers.
Dominari shares have rocketed nearly 700% this year, with the Trump-related news offering a relatively mild bump. Dominari stock soared 529% to $6.16 from Dec. 31 through the close of Feb. 10, the day before the company announced the investment from the Trump brothers. The Trump bounce took shares to as high as $13.58 on Feb. 13. They ended Friday at $7.80, representing a gain of 27% since the announcement.
Dominari said the Trump brothers both invested in the company’s Feb. 11 private sale of 2,436,587 shares, each bundled with a Series A warrant and Series B warrant, and priced at $3.47 for each share bundled with two warrants. The company also sold 1,439,467 shares bundled with the two warrants at the same price through purchase agreements with other investors. Altogether, the offering was valued at about $13.5 million.
Each Series A warrant may be used immediately to acquire one Dominari share for $3.72 and expires in five years. Each Series B warrant is also exercisable immediately to acquire one Dominari share for $4.22 per share and also expires in five years.
Eric and Donald Trump Jr. didn’t immediately respond to a request for comment made with the Trump Organization, the family firm that each serves as an executive vice president.
Eric and Donald Trump Jr. each filed Schedule 13G forms with the Securities and Exchange Commission on Feb. 24. Such forms are used to report ownership stakes of more than 5% in a publicly traded company. Each reported owning 966,138 Dominari shares, a 6.71% stake, as of Feb. 21. That excludes 432,276 shares issuable through warrants that “are not currently exercisable due to certain beneficial ownership limitations.”
If Eric and Donald Trump Jr.’s 432,276 shares each were included in their stakes, each Trump brother would have a Dominari stake of about 10%. Owning a stake at or over that threshold would give them the same status as company insiders, which includes executives and directors. Although the Trump brothers are on Dominari’s advisory board, that isn’t the same level as the company’s board of directors.
The ownership stake on a 13G form includes not only actual stock but also shares potentially issuable to the reporting person within the next 60 days through instruments including options and warrants. Because both series of warrants were immediately exercisable, their corresponding exercisable shares would usually be included in the beneficial stake, which totals 966,138 for each brother. Barron’s calculates that adding the beneficial stake with the excluded shares, and then dividing the sum by three to show the original number of share-warrant bundles that were purchased, shows that each Trump brother may have purchased 466,138 Dominari shares and the accompanying warrants for a total of $1,617,500.
However, it isn’t clear if all the shares were acquired in Dominari’s private placement. The 13G form doesn’t disclose how shares were acquired nor what the reporting person paid for them. The Trump brothers may have received a number of Dominari shares, or warrants, for their service as advisors.
Dominari didn’t immediately respond to a request for comment on the Trump brothers’ investment in the company.
On Feb. 18, Dominari announced the creation of American Data Centers, an independent company, whose members include Dominari, Eric and Donald J. Trump Jr., and “other industry professionals” in artificial intelligence. ADC will “address the growing demand for high-performance computing infrastructure,” and Dominari currently holds a 32% stake in it. “[W]e aim to build a robust portfolio of cutting-edge, energy-efficient data centers strategically located in key markets across the U.S.,” Dominari President Kyle Wool said in the press release.
Inside Scoop is a regular Barron’s feature covering stock transactions by corporate executives and board members—so-called insiders—as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.
Write to Ed Lin at ed.lin@barrons.com
Stks_Not_Toys
2 월 전
News: Data: Yahoo Finance; Chart: Axios Visuals
A small financial services company headquartered in Trump Tower has seen its stock rise more than 300% this week and more than 1,200% in 2025, after a recent investment by Donald Trump Jr. and Eric Trump.
Why it matters: It's a huge gain in a short time for a company that in the last five years pivoted from sciences to finance, and now has AI ambitions, all while losing tens of millions of dollars.
The two Trump brothers also joined Dominari Holdings's board of advisers, the company said Tuesday, and they invested in a recent stock offering.
The case is another example of the Trump family's personal interests intersecting with President Trump's policy priorities (in this case, building data centers and expanding American AI dominance).
By the numbers: Dominari shares rose from 98 cents on Dec. 31 to $13 as of Thursday's close.
The stock sold off Friday morning, losing a quarter of its value in early trading, but is still worth orders of magnitude more than it was just days ago.
State of play: The Trumps will help the company focus on investments in the AI and data center spaces, per Kyle Wool, CEO of Dominari's securities business. He's a self-described friend of the Trump brothers.
At the same, the company announced a special cash dividend to be paid out to investors later this month.
The stock and warrant offering was priced at $3.47 per share, meaning the investors have already made a handsome paper profit.
The intrigue: The stock offering was dilutive, increasing the company's potential shares outstanding by about 50%.
Dilutive transactions don't typically cause a stock to rise — much less more than triple in three trading sessions.
Between the lines: As the Wall Street Journal and others have reported, the partnership raises questions about the optics of a president's family having a financial stake in a company benefitting from his economic policies.
Zoom out: As Dominari has pivoted its business model, the company's losses have also piled up.
According to its most recent quarterly report, it lost $15.8 million in the first nine months of 2024 on $11.6 million in revenue.
That followed losses of nearly $23 million in 2023 and more than $22 million in 2022.
What they're saying: "They're very great businessmen, and I think they both have an interest in the AI and data center space. They could be very helpful giving me guidance as advisers," Wool told Bloomberg.
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