In the midst of last week’s $100 million investment from DRW and Bitcoin ETF registration, Trump Media approves a $400 million stock repurchase and confirms a $2.3 billion Bitcoin proposal.
As the company reaffirmed its commitment to its multibillion-dollar Bitcoin strategy and unveiled a $400 million share repurchase plan, Trump Media’s stock increased on Monday.
Trump Media share buyback program approved
Trump Media & Technology Group, the parent company of Truth Social, announced in a press statement on Monday that its board has approved a $400 million share repurchase. The business affirmed that either common stock or warrants will be included in the buyback. All repurchased shares will be retired, and purchases will be made through open market transactions.
According to the corporation, the buyback will adhere to all relevant Securities and Exchange Commission rules and regulations. It claimed that this choice demonstrates its faith in the organization’s long-term objectives. Devin Nunes, the CEO, stated,
“The Board took a vote of confidence in our Company, our stock, and our strategic plans.”
Additionally, the business stated that its previously announced Bitcoin investment initiative is unaffected by this repurchase plan, which is a distinct action. According to Trump Media, it has almost $3 billion in cash on hand, which gives it flexibility for both business and investor-focused activities.
Bitcoin Strategy Remains in Effect
Trump Media acknowledged that its $2.3 billion Bitcoin strategy is still in place even after announcing a large share repurchase program. To finance its intention to create a Bitcoin treasury, the business launched a private placement offering in late May that would involve both debt and equity.
The business is still working toward its cryptocurrency objectives as of right now. In the past, Trump Media has stated that it wants to adopt a strategy akin to Strategy, which is run by Michael Saylor. According to executives, the Bitcoin purchases and the buyback are separate initiatives that will not conflict with one another.
The business underlined that the dual strategies are supported by its financial situation. As it looks into other financial options, such as potential convertible note buybacks, it also hinted that more actions might be taken in the future.
DRW Investment and ETF Filing Signal Ongoing Crypto Focus
A $100 million investment was obtained by Trump Media last week from the Chicago-based trading business DRW. The money is a component of a bigger plan to back the $2.3 billion Bitcoin allocation. Trump Media has stated that it will keep carrying out its cryptocurrency plans over time, although it has not disclosed how much Bitcoin it has already purchased.
Trump Media has filed to start a spot Bitcoin exchange-traded fund (ETF) in addition to the investment. According to a filing prepared in collaboration with Yorkville and Foris DAX, the custodian run by Crypto.com, the ETF will be listed on NYSE Arca.
Early Monday trading saw a more than 3% increase in Trump Media shares (DJT). By the middle of the morning Eastern Time, the price had risen to $18.39. The increase follows weeks of price volatility, with the stock falling more than 50% since January.
Can Shiba Inu price recover to $0.000017 as bullish reversal pattern takes shape?
Examine whether a bullish reversal pattern and a negative financing rate flip could cause the price of Shiba Inu to rebound to $0.000017.
The US strikes against Iran caused panic selling and significant liquidations throughout the cryptocurrency market, which made Shiba Inu (SHIB) have a difficult weekend. Today, June 23, the price of Shiba Inu is $0.0000107, with $242 million in 24-hour trading volume. Due to the current decline, SHIB has lost 25% of its monthly value.
A double bottom pattern, which typically indicates a bullish reversal, is developing against the bearish headwinds as bulls defend a critical support level and strive for $0.000017.
Shiba Inu Price Recovery Looms as Bullish Pattern Forms
The Shiba Inu price is trying to recover losses after hitting the support level at $0.0000106, according to the weekly chart. For the previous year, this support has resisted selling pressure, sustaining several bounces and recovery rallies. It may be a favorable place for buyers to enter the market if they are betting on a bounce.
A double-bottom pattern has formed as a result of SHIB’s two defenses of this support since the decline began in December 2024. In April 2025, it last recovered from this support, and the rise that followed created a neckline resistance at $0.0000173.
The price of this popular meme coin will try to retest at $0.000017 if it replicates past patterns and bounces. The double bottom pattern will be confirmed by a clear weekly candlestick close above the mentioned neckline. In order for this to happen, the price of the SHIB token would have to increase by 64% from where it is now.
By adding the distance between the neckline and bottom to the breakout point at $0.0000173, the target for the theoretical double bottom pattern is $0.0000283. Starting this downturn at $0.0000322 would be an overly optimistic objective. A strong close over the neckline resistance in both situations, together with an increase in spot buying activity, may help the SHIB token hit the previously specified price goals.
The RSI must also create higher lows and a positive divergence to verify that buyers are intervening if the double-bottom is to develop and indicate the same recovery that the SHIB price formed in April. The RSI is currently at 38, which is an oversold level.
Importantly, though, SHIB’s 50-day Simple Moving Average (SMA) is still fluctuating above price, indicating that the short-term momentum is still negative. The price of Shiba Inu may continue to be under bear control till it surpasses this level at $0.0000168.
Furthermore, according to a recent CoinGape study, SHIB faces a 50% crash risk if it breaks through the support level at $0.00001. In this case, the double bottom pattern creation would be deemed invalid.
SHIB Funding Rate Flips Negative
The funding rate for Shiba Inu, a measure of market mood, has become negative. As more traders establish short positions in the hopes that the price would drop, this typically results in a pessimistic narrative for the Shiba Inu price forecast.
Santiment data indicates overloaded short positioning as SHIB’s financing rate has dropped to its lowest level since April. This might be bullish since it will increase buy-side pressure when these short bets are terminated in the event that the market recovers. Additionally, the market circumstances in April prior to the Shiba Inu price rallying to the neckline resistance at $0.000017 are reflected in the negative financing rate.
In conclusion, after losing over 25% of its value in a single month, the price of Shiba Inus may be poised for a comeback. An increase in short positions and the formation of a double-bottom pattern may indicate that a rebound to $0.000017 is imminent.
Ripple backed XRP ETF hits $23M AuM in under three days
Since its debut in Canada, the Ripple-backed 3iQ XRP ETF has shown tremendous demand, reaching $23 million in just three days.
One of the first spot XRP funds to emerge in Canada, the 3iQ XRP ETF is off to a terrific start after its introduction last week. According to the asset manager, its fund, in which Ripple is a significant investor, has achieved the $23 million AuM milestone.
3iQ XRP ETF Becomes Largest XRP ETF In Canada
After its introduction last week, the asset manager said in a news release that its XRP fund is currently the biggest in Canada. With contributions from well-known companies like Ripple, the fund has now surpassed CAD $32 million ($23 million) in client assets.
After only three days of trading under the ticker “XRPQ” on the Toronto Stock Exchange (TSX), 3iQ Corp has accomplished this accomplishment. The 3iQ XRP ETF debuted on June 18 with a 0% management charge for the first six months, as reported.
This makes it one of the most reasonably priced digital assets ETFs available, according to the asset manager. One of the three exchange-traded funds (ETFs) that gave institutional investors exposure to the altcoin last week was the XRP fund.
The other two funds are from Evolve XRP ETFs and Purpose Investments, as stated. Only long-term XRP assets acquired from trustworthy cryptocurrency exchanges and over-the-counter counterparties are invested in by 3iQ’s fund.
Pascal St-Jean, the President and CEO of 3iQ, commented on the AuM milestone:
Our XRP ETF’s impressive success after only a few days of trading, similar to what our Solana Staking ETF experienced very shortly after its launch, underscores the benefits we offer to both retail and institutional investors looking to increase exposure to digital assets
In light of this event, the price of XRP has increased again. According to CoinMarketCap data, the altcoin has increased by more than 3% over the past day, with $118 billion being exchanged.
