Trump Media invests $2.5B in Bitcoin, Circle plans NYSE IPO in major crypto signaling

The media company associated with Donald Trump, Trump Media and Technology Group (DJT), is raising a significant 2.5 billion dollars through a combination of 1.5 billion dollars in stock sales and 1 billion dollars in convertible bonds, involving approximately 50 institutional investors, with expected completion by May 29. The firm positions Bitcoin as a long-term strategic reserve. Following this news, DJT's stock initially surged by 10% in pre-market trading but retraced gains during regular hours. This move signals a noteworthy commitment to the crypto sector by Trump. Meanwhile, Circle, the developer of the USDC stablecoin, has filed for an initial public offering on the New York Stock Exchange under the ticker CRCL, aiming to list 24 million Class A shares at a price range of 24-26 dollars, expecting to raise around 250 million dollars for the company and 375 million dollars for existing shareholders. Ark Invest plans to buy 150 million dollars worth of shares. This represents a shift from previous SPAC attempts, with the firm now pursuing a direct listing. Overall, these developments demonstrate increasing institutional involvement and strategic positioning in the cryptocurrency and blockchain sectors, reflecting growing confidence and integration within traditional financial markets.