In three months time Dominari Holdings added the middle aged Trump boys to their advisory board, formed a new high tech venture focused on artificial intelligence data centers, sold/gave a sizeable chunk of their firm to Eric Trump, switched from AI to bitcoin mining and then announced a go public scheme via a money losing bitcoin miner with a medical marijuana history.
That's reason to celebrate and do some promoting. Dominari reminded the public that 90 day founder Eric is staying on as Chief Strategy Officer and that Dominari will hold 32% of 98% of the new venture. That's roughly 31.4%.
Head's up to all the MAGA, crypto, defi focused ETFs and separately managed accounts searching for places to put new capital Dominari may fit your investment criteria.
Interesting that Trump themed capital was birthed at Mar-a-Lago. Noted investor Grant Williams observed that Trump has not been a magnet for non-MAGA investment.
Russell Napier encouraged podcast listeners not to underestimate the power of Donald Trump in frightening capital from his shores.
I wonder how the Cayman Islands crowd is reacting to the Trump boys seemingly endless ventures, capable of rapid shape shifting. What happens to the U.S. if there is less capital and the remaining capital goes into the Wild Wild West of digital currencies?
Even worse, consider yesterday's scamming via a fake ERICTRUMP meme-coin:
A fake meme coin based on Eric Trump underwent a massive rug pull today, falling from a $160 million market cap to $30,000 almost instantly. The token displayed several dubious characteristics ahead of time.
The scammer tried to launch three failed Eric Trump tokens before this one started trending. One breakout success is more than enough to reward this duplicitous behavior.
Now that is some capital destruction. Will the real Eric Trump weigh in given his "commercial acumen, capital markets expertise, and commitment to positioning the United States as a global leader in the advancement of decentralized financial systems?" Stay tuned.
Gold glitters but so do the crypto glitterati.
Update 5-18-25: MAGA Inc. is holding a $1 million per plate fundraiser with VP JD Vance in Las Vegas. The fundraiser is in conjunction with the Bitcoin2025 conference where Vance is the keynote speaker. Vance is a bitcoin holder, so he'll be speaking his own book.
Inflation hit the political influence dinner circuit as it's now $1.5 million a plate for crypto-bros to dine with Trump II, the digital Caligula.
A Bitcoin logo was projected onto the night sky in Austin, Texas.
