Company Intelligence • March 28, 2025, 11:09AM EDT
Quick Take
- Dominari, which trades under the ticker DOMH and has a $70 million market cap, is the latest public company to establish a corporate Bitcoin treasury strategy.
Dominari Holdings on Friday became the latest publicly traded company to enact a corporate Bitcoin treasury strategy. The holding company is engaged in wealth management, investment banking, trading and asset management, according to its website.
Dominari (ticker DOMH) will use a portion of its excess cash and earnings to buy shares of BlackRock's iShares Bitcoin Trust ETF (IBIT), the largest spot bitcoin exchange-traded fund. Dominari's management plans to continue this practice as the company's cash reserves continue to grow.
Dominari currently has $2 million in its Bitcoin treasury and expects to add further to its alternative coin treasury by year's end.
The announcement came in conjunction with Dominari's fourth-quarter earnings release. The company expects to report a total revenue of approximately $19 million for 2024, with over$8 million of the annual revenue recognized during the fourth quarter.
"As we continue to expand our capacity to provide comprehensive investment banking services, we remain committed to our broader strategy of transitioning into a dynamic holding company, strategically investing in emerging technologies that drive innovation and long-term value for our shareholders," CEO Anthony Hayes said in the release.
Strategy is the largest corporate holder of bitcoin, and thanks to MSTR's success and a crypto-friendly White House, several companies have established their own Bitcoin strategies in recent months.
Earlier this week, Japan-based Metaplanet added $12.6 million worth of bitcoin after appointing Eric Trump to its advisory board. The company aims tohold 10,000 BTC by the end of 2025 and is currently the largest corporate Bitcoin holder in Asia.
Meanwhile, video game retailer GameStop said it is issuing $1.3 billion in convertible notes to fund a corporate Bitcoin treasury. Investors remain divided, however, with some seeing potential for long-term gains while others worry about stock dilution and the company’s history of financial struggles.
DOMH shares traded down 8.2% to $4.80 at publication time. The company has a market cap of $70.4 million.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
AUTHOR
Jason Shubnell
Jason is a U.S. news editor at The Block. He previously worked as a staff writer and later served as managing editor at Benzinga, a financial news and data company. He led Benzinga's daily markets coverage as well as the expansion of the outlet's cannabis, cryptocurrency and sports betting verticals. He earned a bachelor's degree in journalism from Central Michigan University and resides in the suburbs of Detroit, Michigan. Follow him on X @JasonShubnell.
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