Trump Media Company Launches Crypto Token for Investors

Written by Emily J. Thompson, Senior Investment Analyst

HUT-6.48%

DJT+4.67%

WULF-1.75%

Updated: Dec 31 2025

0mins

As 2025 concludes with a convergence of politics and digital finance, U.S. president Donald Trump's media company unveils a crypto token distribution for the company's investors, while asset managers flood the zone with new filings. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us daily at2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.TRUMP MEDIA LAUNCHES SHAREHOLDER TOKEN:In a major year-end development, Trump Media & Technology Grouphas. The operator of Truth Social will distribute the token to shareholders in partnership with Crypto.com. The project is expected to operate on the Cronos blockchain, home to the native cronos token, and aims to reward shareholders while promoting "fair and transparent markets." This follows a trend of crypto-adjacent ventures from the president, whose return to the White House has already catalyzed a more favorable regulatory environment. Other crypto-related ventures that the U.S. president and his family has been involved in this past year include mining companies such as Hut 8, ALT5 Sigma Corp, American Bitcoin, and the SPAC merger with Crypto.com named Trump Media Group CRO Strategy, Inc, in addition to cryptocurrency tokens such as WLFI-USD, CRO-USD, TRUMP-USD, MELANIA-USD, and the USD-pegged stablecoin USD1.BITWISE FILES WITH SEC FOR ELEVEN STRATEGY ETFS:Asset managers are looking beyond spot assets to more complex strategy products to ring in the new year. Bitwise has. These proposed funds would utilize a rules-based strategy targeting assets such as aave, uniswap, and sui, combining direct token exposure with derivatives to capture the next wave of institutional capitalKEEFE BRUYETTE UPGRADES TERAWULF PRICE TARGET TO $24:Analysts at Keefe Bruyette have upgraded bitcoinminer TeraWulfto Outperform from Market Perform and raised its price target to $24 from $9.50. The analysts believe the market is underestimating the earnings upside from the company's strategic shift away from mining and toward high-performance computing and artificial intelligence leasing. Analysts project that high-performance computing leasing could generate roughly two-thirds of TeraWulf's revenue in 2026CYPHERPUNK BUYS ZCASH, BITMINE STAKES ETHER, AND STRATEGY BUYS BITCOIN:Public companies are closing out the year with significant moves in their digital asset portfolios. Cypherpunk Technologies(ZEC-USD), now holding roughly 1.76% of the token's circulating supply.Bitmine Immersion Technologieshas staked an additional $352M in ether, bringing its total staked holdings to approximately $1.37B. Meanwhile, in the blue-chip space, Strategyacquired over 22,000 bitcoin in December alone.COINBASE WARNS SENATE ON STABLECOIN RULES:A senior executive at Coinbasehas issued a warning regarding potential changes to U.S. stablecoin regulations., the exchange's chief policy officer stated that mishandling the "GENIUS Act" could hand China a competitive edge in the global digital payments race. This comes as China's central bank outlines plans to allow commercial banks to pay interest on digital yuan balances starting in 2026BLACKROCK LEADS BITCOIN ETF INFLOWS:Institutional demand remains robust heading into the new year., U.S. spot bitcoin ETFs ended a seven-day outflow streak with $355M in inflows on Tuesday. BlackRockled the rebound with $143.75M in inflows for its iShares Bitcoin TrustPRICE ACTION:As of time of writing, bitcoin was trading at $87,476.38, while ether was trading at $2,973.01,.

HUT

$55.12+Infinity%1D

Analyst Views on HUT

Wall Street analysts forecast HUT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HUT is 24.54 USD with a low forecast of 17.50 USD and a high forecast of 33.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

13 Analyst Rating

13 Buy

0 Hold

0 Sell

Strong Buy

Current: 58.940

Low

17.50

Averages

24.54

High

33.00

Current: 58.940

Low

17.50

Averages

24.54

High

33.00

B. Riley

Buy

maintain

$61 -> $76

2026-01-09

Reason

B. Riley

Price Target

$61 -> $76

AI Analysis

2026-01-09

maintain

Buy

Reason

B. Riley raised the firm's price target on Hut 8 to $76 from $61 and keeps a Buy rating on the shares. The firm cites the announcement of the company's December River Bend deal and partnership with Fluidstack and Anthropic for the target increase.

Keefe Bruyette

Outperform

maintain

$30 -> $55

2025-12-19

Reason

Keefe Bruyette

Price Target

$30 -> $55

2025-12-19

maintain

Outperform

Reason

Keefe Bruyette raised the firm's price target on Hut 8 to $55 from $30 and keeps an Outperform rating on the shares. The improving colocation economics is a positive read-through for miners with ready-for-service capacity over 2026-2027, the analyst tells investors in a research note.

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Craig-Hallum

George Sutton

Buy

upgrade

$60 -> $80

2025-12-18

Reason

Craig-Hallum

George Sutton

Price Target

$60 -> $80

2025-12-18

upgrade

Buy

Reason

Craig-Hallum analyst George Sutton raised the firm's price target on Hut 8 to $80 from $60 and keeps a Buy rating on the shares following their data center lease. The firm notes that the economics on the 245 MW deal are impressive. Craig-Hallum also believes that the scalability provided by Fluidstack's ROFO on the next 1 GW at River Bend and the strategic partnership with Anthropic for diligence on another 1 GW could prove very meaningful in the future and could ultimately turn this deal announcement into one of "legendary" status for the company.

Northland

Mike Grondahl

Outperform

maintain

$26 -> $58

2025-11-05

Reason

Northland

Mike Grondahl

Price Target

$26 -> $58

2025-11-05

maintain

Outperform

Reason

Northland analyst Mike Grondahl raised the firm's price target on Hut 8 to $58 from $26 and keeps an Outperform rating on the shares after Q3, which the firm calls a "solid quarter for ABTC with execution still needed on the HPC side." With an 8.7 GW energy capacity pipeline, including 1.5 GW under development, the firm expects management to "capitalize on robust current demand and get something signed," the analyst tells investors.

About HUT

Hut 8 Corp. is an energy infrastructure platform. The Company's segments include Power, Digital Infrastructure, Compute, and Other. The Company's Power segment acquires, develops, and manages critical energy assets such as interconnects, powered land, and other electrical infrastructure to address the load demands of energy-intensive applications such as Bitcoin mining and high-performance computing. Its Power segment consists of power generation and managed services. Its Digital Infrastructure segment consists of CPU Colocation and ASIC Colocation services. The Company's Compute segment consists of Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations. The Company, through its subsidiary, American Bitcoin Corp., is focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The Company's platform spans approximately 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.