Circle, the company behind the USDC stablecoin, is set to go public after filing for an initial public offering (IPO) on the New York Stock Exchange.

Trump Media & Technology Group, operator of the social platform Truth Social, is raising $2.5 billion to buy bitcoin, making it the latest public company to pursue a corporate crypto strategy.

Block, the company helmed by Twitter co-founder Jack Dorsey, plans to let users pay with bitcoin on its popular Square point-of-sale terminals. The feature is expected to begin rolling out in the second half of 2025 and become widely available in 2026, depending on regulatory approval.

Top stories in the Crypto Roundup today:

• Circle Files for NYSE IPO Trading Under ‘CRCL’
• Trump Media to Raise $2.5B for Bitcoin Treasury
• Jack Dorsey’s Block to Bring Bitcoin Payments to Square Terminals Using Lightning Network

Circle Files for NYSE IPO Trading Under ‘CRCL’

Circle, the company behind the USDC stablecoin, is set to go public after filing for an initial public offering (IPO) on the New York Stock Exchange.

The firm plans to offer 24 million Class A shares, with 9.6 million coming directly from the company and the remainder from existing shareholders. The stock is expected to be priced between $24 and $26. 

At the top of that range, Circle could raise around $250 million, while selling stakeholders could pocket about $375 million. J.P. Morgan, Citigroup and Goldman Sachs are leading the underwriting process, with a 30-day option for underwriters to purchase an additional 3.6 million shares.

Cathie Wood’s ARK Investment Management, a major backer of crypto-linked equities, has indicated interest in purchasing up to $150 million of the shares, Circle said in a regulatory filing.

Trump Media to Raise $2.5B for Bitcoin Treasury, Joining Corporate Crypto Trend

Trump Media & Technology Group, operator of the social platform Truth Social, is raising $2.5 billion to buy bitcoin, making it the latest public company to pursue a corporate crypto strategy.

The capital will be split between $1.5 billion in newly issued common stock and $1 billion in convertible senior secured notes. According to a press release, the funding has already been backed by around 50 institutional investors. The offering is expected to close May 29.

Crypto.com and Anchorage Digital will safeguard DJT’s bitcoin holdings.

Jack Dorsey’s Block to Bring Bitcoin Payments to Square Terminals Using Lightning Network

Block, the company helmed by Twitter co-founder Jack Dorsey, plans to let users pay with bitcoin on its popular Square point-of-sale terminals. The feature is expected to begin rolling out in the second half of 2025 and become widely available in 2026, depending on regulatory approval.

The new payment option will allow customers to scan a QR code to pay in BTC using the Lightning Network. Square’s terminals are widely used by small and medium-sized businesses, making this feature potentially significant for everyday crypto adoption.

The move builds on Block’s ongoing push into bitcoin-based tools. In 2024, the company launched a feature that let merchants automatically convert part of their daily sales into Bitcoin. 

Its Cash App already supports buying, selling, and transferring the cryptocurrency. Beyond payments, Block is developing Bitcoin mining hardware under its Proto brand and offers a self-custody wallet called Bitkey. The company also funds open-source Bitcoin projects through its initiative Spiral.

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