The media company controlled by President Trump, Trump Media & Technology Group (TMTG), plans to raise $ 3 billion to buy cryptocurrencies such as Bitcoin.
According to reports, the capital increase will include $ 2 billion in equity and $ 1 billion via a convertible obligation.
TMTG aims to announce the offer before a major cryptography conference in Las Vegas, where vice-president JD Vance and Trump’s sons, Donald Jr. and Eric, should speak.
According to the Financial Times, the subscribers could include Clearstreet and BTIG. The sale of shares at the market would be carried out near the fence price on Friday.
In particular, this decision closely follows Trump’s threat to redirect $ 3 billion in federal research subsidies far from Harvard University to American business schools.
The administration froze around $ 2.2 billion in subsidies, mainly national institutes of Health, after accused Harvard of promoting anti-Semitism and non-compliance with federal directives.
Meanwhile, Harvard continued, calling the unconstitutional financing cuts. This proposal would require the action of the Congress to reallocate the funds designated for biomedical research.
Critics argue that it represents an excessive excessive power. However, supporters say that this would stimulate vocational training in high demand trades.
Political optics of parallel financing movements
While TMTG operates independently of the federal government, the calendar and the scale of its cryptographic ambitions have made a meticulous examination, given its close ties to the Trump family and the broader political posture of the administration.
There is a juxtaposition which cannot be ignored. An entity linked to Trump increasing billions for investment in digital assets while the administration puts pressure on elite institutions and offers to move public funding to professional programs.
The president’s pro-Crypto movements have brought notable progress for cryptographic industry, especially in the United States.
However, this continuous crypto push of organizations affiliated to Trump raises legitimate questions about influence, priorities and boundaries between private financial strategies and public policies.
Meanwhile, the crypto companies of the American president have recently been submitted to political fire. Last week, the Trump dinner same corner has raised a lot of eyebrows.
Several Democratic senators have even held a surprise press conference to demand a full list of guests.
The TMTG portfolio already includes previous companies in the NFT, the same and the extraction of crypto. He would also have planned an ETF focused on crypto.
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