Trump Media and Technology Group and TAE Technologies are merging in an all-stock deal valued at over $8 billion. This move raises questions about the partnership’s goals and potential conflicts of interest. TAE Technologies stands to gain a public market presence as they work towards constructing a fusion power plant.
TAE Technologies is a fusion energy company based in California focusing on developing nuclear fusion systems. The merger with Trump Media will give them access to capital and a foothold in the public market. This partnership could also impact Trump Media’s crypto ventures, as energy becomes a new priority over crypto initiatives.
The $300 million investment by Trump Media in TAE Technologies could shift focus away from their partnership with Crypto.com. The initial $6.4 billion headline figure of the partnership largely consists of a line of credit and existing CRO holdings, raising questions about the future of their crypto initiatives. The digital asset treasury trend may have lost its appeal.
Read more at Yahoo Finance: Trump Media Merger Raises Questions About Crypto.com DAT Partnership
