CoinDesk Podcast Network Trump Media Raises $2.5 Billion for Bitcoin Treasury | COINDESK DAILY
May 27, 2025
In the latest discussion, a significant $2.5 billion capital raise by Trump Media aims to create a Bitcoin treasury, marking a bold move in the crypto space. Also in the spotlight is Circle's upcoming IPO, poised to shake up the landscape for USDC. Meanwhile, a Google research study raises alarms about quantum computing's potential to crack Bitcoin-like encryption, igniting concerns over the future security of cryptocurrencies. The dynamic interplay between innovation and risk is palpable!
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Trump Media's Bitcoin Treasury Plan
- Trump Media raised $2.5 billion to create a Bitcoin treasury, following the trend of firms adopting Bitcoin as a corporate asset.
- The capital raise includes $1.5 billion in common stock and $1 billion in convertible notes, serviced by Crypto.com and Anchorage Digital custody.
Circle's IPO Filing Highlights
- Circle filed for an IPO on the New York Stock Exchange, offering 24 million Class A shares under the ticker CRCL.
- Kathy Woods' ARK investment is interested in purchasing $150 million in shares as Circle aims to raise nearly $250 million.
Quantum Threat to Cryptocurrency Encryption
- New Google Quantum AI research shows breaking RSA encryption may need 20 times fewer resources than thought.
- Bitcoin's elliptic curve cryptography is vulnerable to quantum attacks, though current quantum computers cannot yet execute these attacks.