Trump Media Denies $3B Crypto Fundraising Rumors Amid Bitcoin Market Speculation
Trump Media & Technology Group (TMTG) has strongly refuted a Financial Times report alleging the company's plans to raise $3 billion for cryptocurrency investments. The report, which suggested a $2 billion equity and $1 billion convertible bond strategy, was dismissed by TMTG as unfounded. This denial comes amid market speculation drawing parallels to MicroStrategy's debt-fueled Bitcoin acquisitions, though TMTG has not directly indicated any crypto-related moves. The situation highlights the ongoing intrigue and volatility in the cryptocurrency sector, particularly around Bitcoin, as institutional interest continues to shape market narratives.
Trump Media Denies $3B Crypto Fundraising Report Amid Market Speculation
Trump Media & Technology Group (TMTG) has vehemently denied a Financial Times report claiming the company sought $3 billion for cryptocurrency investments. The alleged plan—$2 billion in equity and $1 billion via convertible bonds—was dismissed by TMTG as baseless, with the company criticizing the FT's sources.
The controversy echoes MicroStrategy's debt-driven Bitcoin accumulation strategy, though no direct crypto market impact was observed. Bitcoin (BTC) and other major assets remained stable during the news cycle, reflecting market skepticism toward unverified political-linked crypto narratives.
Pakistan Commits 2,000MW to Bitcoin Mining in Digital Economy Push
Pakistan has allocated 2,000 megawatts of surplus energy to Bitcoin mining and AI data centers, signaling a strategic pivot toward digital infrastructure. The move leverages excess electricity from underutilized power plants, transforming idle capacity into a revenue-generating asset.
"This marks a pivotal moment in Pakistan’s digital transformation," stated government officials on May 25, 2025. The initiative aims to attract foreign investment while monetizing stranded energy resources through cryptocurrency and AI infrastructure.
With industrial power demand declining, the energy surplus stems from recent overbuilding of generation capacity. bitcoin mining operations are expected to provide immediate monetization, while AI data centers offer longer-term technological dividends.
Quantum Computing Threat to Encryption May Impact Cryptocurrency Security
Google Quantum AI researcher Craig Gidney has published findings suggesting quantum computers could break RSA encryption with far fewer resources than previously estimated. While the study did not explicitly mention Bitcoin or other cryptocurrencies, the implications extend to the cryptographic foundations securing digital asset wallets and transactions.
RSA encryption, a cornerstone of modern cybersecurity, relies on public-private key pairs vulnerable to quantum attacks. Though Bitcoin employs elliptic curve cryptography (ECC) rather than RSA, ECC is similarly susceptible to quantum decryption via Shor's algorithm. This revelation underscores the looming race between quantum computing advancement and cryptographic countermeasures in the blockchain space.
The '$300K Bitcoin Lottery' Grows Even Bigger as Traders Chase Upside
Demand for Deribit's $300,000 Bitcoin call option has surged, cementing its status as the most popular bullish bet for the June quarterly expiry. Open interest now exceeds $600 million, up from $484 million just three weeks ago.
Traders are treating the out-of-the-money contract as a high-risk, high-reward lottery ticket. The activity reflects growing speculation that Bitcoin could stage a parabolic rally to unprecedented levels by late June.
