Musk’s America Party Makes Bitcoin Official!

Elon Musk confirmed his new America Party will accept Bitcoin.

Author

Danielle du Toit
July 07, 2025

Here's what we've got for you today:

  • Elon Musk Confirms New ‘America Party’ will Embrace Bitcoin

  • TON Coin Dips 6% After UAE Authorities Deny Golden Visa Claim

  • Mercado Bitcoin to Tokenize $200 Million in RWAs on XRPL

  • Metaplanet Adds 2,205 BTC for Nearly $239 Million, Now Ranks Fifth Globally with 15,555 Bitcoin Holdings

Elon Musk announced that he will form a new political party, and it will embrace Bitcoin as “fiat is hopeless.”

  • Elon Musk confirmed his new America Party will accept Bitcoin, calling fiat "hopeless" in response to a user on X.

  • Tesla currently holds 11,509 BTC worth approximately $1.26 billion, making it the ninth-largest public company with Bitcoin in its treasury.

  • Jan3’s Samson Mow suggested Musk should expand Bitcoin adoption, including Tesla payments and SpaceX discounts, to gain an edge over Trump.

The Open Network claimed that applicants who stake $100,000 worth of TON for three years would be eligible for 10-year golden visas.

  • Toncoin surged 10% after The Open Network claimed staking $100,000 in TON for three years could grant eligibility for a UAE golden visa.

  • UAE regulators refuted the claim, and stated that golden visas are not issued to digital asset holders. This caused TON to drop 6%.

  • Telegram CEO Pavel Durov amplified the initial claim by reposting it on X, but has not issued an official statement.

The global push toward RWA tokenization is accelerating, with major players from Latin America, Asia, and the US jumping in.

  • Mercado Bitcoin announced it will tokenize $200 million worth of real-world assets on the XRP Ledger, including both fixed-income and equity instruments.

  • The initiative aligns with the industry trend of digitizing traditional assets via blockchain, despite certain regulatory uncertainties.

  • A report by BCG and Ripple projects the tokenized RWA market could reach $19 trillion by 2033, driven by the growing institutional interest.

Metaplanet bought another 2,205 BTC, boosting its total holdings to 15,555 BTC.

  • Metaplanet purchased an additional 2,205 BTC for approximately $238.7 million, bringing its total holdings to 15,555 BTC.

  • The company is now the fifth-largest publicly listed corporate holder of Bitcoin, according to Bitcointreasuries.net.

  • Metaplanet also recently reported strong revenue growth after earning $7.6 million in Q2 2025—a 42.4% year-over-year increase.

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