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- On The Daily (OTD) - 21st July 2025
On The Daily (OTD) - 21st July 2025
Top Stories Today: CoreWeave and Trump Media.

Table of Contents
Top Stories Today
CoreWeave
CoreWeave shares edged up just over 1% after the AI data-center operator said it will issue $1.5 billion of bonds due in 2031, with the money intended for general corporate needs including refinancing existing obligations. The move follows a May debt program that was heavily oversubscribed and helped lift the stock, and comes on the heels of investor excitement around a planned $6 billion data-center project in Pennsylvania. Since listing in March the company’s stock has more than tripled, helped by large customers such as Nvidia and Microsoft, though some market participants have flagged concerns about its borrowings and the durability of demand, concerns management says are mitigated by clear client signals.
Trump Media
Trump Media and Technology Group said Monday it holds about $2 billion in bitcoin and related digital assets, which make up roughly two-thirds of its cash-like reserves. The disclosure sent shares (Nasdaq: DJT) higher at the open and left the company’s founder’s stake valued at roughly $2.3 billion. Since its public listing the firm has shifted from a social-media focus toward crypto and financial products, raising more than $2.3 billion from investors and allocating much of those proceeds to build a bitcoin treasury and related ETF positions, while rolling out fintech initiatives such as Truth.Fi. Company leaders argue the holdings boost liquidity and support planned token features across their ecosystem, but ethics critics and some lawmakers warn the heavy exposure could create conflicts because the president is actively promoting policies that advantage digital-asset markets. The assets sit in a trust managed by Donald Trump Jr., and observers note the arrangement means the president stands to benefit indirectly from the moves.
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