Trump Media Raises $2.5 Billion for Bitcoin Treasury | COINDESK DAILY
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 27 May 2025
⏱️ 2 minutes
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Summary
Host Christine Lee breaks down the latest news in the crypto industry as Trump Media announced a $2.5 billion capital raise to establish a Bitcoin treasury.
Trump Media announced a $2.5 billion capital raise to establish a Bitcoin treasury Tuesday, Circle filed for an IPO on the New York Stock Exchange and Google research study indicates quantum computing could break Bitcoin-like encryption far easier than initially thought. CoinDesk’s Christine Lee hosts “CoinDesk Daily.”
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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Transcript
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| 0:00.0 | Trump Media is building a Bitcoin Reserve. It's Tuesday, May 27, 2025. I'm Christine Lee. This is Coin Dust Daily. |
| 0:12.4 | Trump Media and Technology Group, operator of Truth Social, announcing a $2.5 billion capital raise to establish a Bitcoin Treasury, |
| 0:22.2 | joining other publicly traded firms adopting Bitcoin as a corporate2.5 billion capital raise to establish a Bitcoin treasury, joining other publicly traded firms adopting Bitcoin as a corporate asset following the model of strategy, the largest |
| 0:27.2 | corporate Bitcoin holder. The company secured agreements with approximately 50 institutional |
| 0:32.4 | investors for $1.5 billion in common stock and $ one billion in convertible senior secured notes, |
| 0:38.2 | with the offering set to close on May 29th. |
| 0:41.0 | Crypto.com and Anchorage Digital will provide custody services for the Bitcoin holdings, |
| 0:45.3 | which briefly boosted DJT stock and Bitcoin prices following the initial report by the Financial Times. |
| 0:52.1 | Circle, the issuer of the second largest stable coin USDC has filed for an initial public |
| 0:56.6 | offering on the New York Stock Exchange, offering 24 million Class A shares priced between 24 and |
| 1:02.4 | $26 under the ticker CRCL. The offering includes 9.6 million shares from the company and 14.4 |
| 1:10.5 | million from selling stakeholders, |
| 1:12.3 | with underwriters granted a 30-day option to purchase an additional 3.6 million shares. |
| 1:17.9 | Kathy Woods, our investment has expressed interest in acquiring $150 million in shares, |
| 1:22.8 | as Circle aims to raise nearly $250 million, while stakeholders could could gain 375 million at the top price range. |
| 1:31.3 | A Google Quantum AI Researcher's new study indicates that breaking RSA encryption used in some cryptocurrency wallets |
| 1:38.4 | may require 20 times fewer quantum resources than previously estimated, |
| 1:43.1 | potentially factoring a 2048-bit |
| 1:45.4 | integer in under a week with fewer than 1 million cubits. While Bitcoin relies on elliptic |
| 1:52.0 | curve cryptography, ECC, which is also vulnerable to quantum attacks like Schor's algorithm, |
| 1:58.0 | current quantum computers by IBM and Google lack the capability to |
| 2:01.9 | execute such attacks. The research underscores the advancing quantum threat to cryptographic |
... |
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