Dominari Holdings Inc., a small investment bank located in Trump Tower, is intensifying Bitcoin accumulation and expanding operations in the cryptocurrency sector.
Dominari Holdings Inc. (DOMH) – the small investment bank headquartered in Trump Tower – is quietly hoarding Bitcoin and making a strong shift towards the cryptocurrency field, according to information disclosed by Bloomberg. This move comes as the company appointed Eric Trump and Donald Trump Jr. to the senior advisory team earlier this year.
Strategic Restructuring and Power Alliance
Dominari Holdings, currently listed on Nasdaq with the stock ticker DOMH, is undergoing a significant strategic transformation, moving away from traditional biotechnology to focus on finance and especially cryptocurrencies. According to the Bloomberg report, the company's Bitcoin investment portfolio currently includes a $2 million investment in a Bitcoin ETF.
Despite losing $70 million in the past three years, Dominari's stock has seen an impressive 466% increase since the beginning of 2025. This increase coincides with the emergence of Donald Trump's two sons in the senior management team. According to Bloomberg, each of Trump's sons has been granted stock shares that could be worth up to $8 million.
Dominari's focus on the cryptocurrency sector is further demonstrated by its strategic partnership with Hut 8 Corp. – a well-known Bitcoin mining company. The two parties established a data center joint venture earlier this year. The next step is the merger of the joint venture's subsidiary, American Bitcoin, with Gryphon Digital Mining, a cryptocurrency mining company listed on Nasdaq.
According to the filing submitted to the U.S. Securities and Exchange Commission (SEC) on May 12, Dominari and its partners will hold 98% ownership in the new company after the merger, with the listed stock ticker being "ABTC". Notably, Eric Trump is expected to take on the role of Chief Strategy Officer at American Bitcoin after the merger is completed.
Dominari's Chairman, Kyle Wool, in the press release attached to the SEC filing, called the merger a "confirmation" of the strategy the company is pursuing. The SEC filing also clearly states that Bitcoin mining (through ABTC) will be the primary focus, alongside investments in data centers, artificial intelligence (AI), and financial services through subsidiaries.
Despite strong stock price growth, financial reports show that Dominari is still facing significant challenges. The company recorded a net loss of $32.5 million in Q1/2025, further exacerbating its ongoing financial difficulties. Additionally, Bloomberg reporters noted that one-third of the recent IPOs underwritten by Dominari have lost over 75% of their value within just one year of listing.
