A new Special Purpose Acquisition Company (SPAC) worth 179 million dollars, led by Trump Media, could focus on acquiring a U.S. company active in the crypto or blockchain sectors. The project is led by executives from Trump Media & Technology Group, further strengthening former President Donald Trump’s ties to the digital assets sector.
Renatus Tactical Acquisition Corp I, registered in the Cayman Islands, will raise capital through public and private offerings to finance strategic operations. This initiative is part of a broader framework, in which the Trump administration has emphasized the integration of digital assets into the national economic strategy.
Trump Media leading Renatus Tactical for acquisitions in the crypto world
At the head of the new SPAC are prominent figures already connected to Trump Media. Eric Swider, the CEO of the company, is also a director of Trump Media and previously served as the CEO of Digital World Acquisition Corp. This SPAC played a crucial role in the stock market listing of Trump Media.
Among the other executives, Alexander Cano, former president of Digital World, and Devin Nunes, who is simultaneously CEO and president of Trump Media and president of Renatus Tactical, stand out.
Even without specifying particular acquisitions, the regulatory filing submitted on March 14 shows interest in companies operating in the crypto, blockchain, data security, and dual-use technologies sectors.
The primary objective of Renatus Tactical will be to invest in high-growth companies based in the United States, while maintaining an openness to market opportunities on a global level.
The support of the Trump administration for cryptocurrencies
The regulatory document emphasizes the Trump administration’s commitment to incorporating digital resources into federal economic policies. It specifically mentions an executive order from March, in which Trump proposed the creation of a Bitcoin reserve and a stockpile of cryptocurrencies.
Furthermore, in January a working group was announced to develop regulations on the crypto sector. These signals show a clear inclination of the former president towards greater regulation and integration of digital assets into the American financial system.
Renatus Tactical: the challenges related to the association with Trump Media
Despite the favorable regulatory framework, Renatus Tactical has recognized potential obstacles arising from the association with Trump. The filing emphasizes that some companies might hesitate to collaborate with the SPAC precisely because of the connection with the former president and with Trump Media.
Donald Trump still maintains a significant financial stake in Trump Media, a key element of his wealth. The company owns the social platform Truth Social, which represents one of the main sources of value in the former president’s portfolio.
According to Forbes, Trump’s net worth amounts to 4.8 billion dollars, while Bloomberg values it at over 6.5 billion dollars. A significant portion of this wealth (2.36 billion dollars) comes from his stake in Trump Media, which includes 114.75 million shares with a unit value of 20.59 dollars.
To avoid conflicts of interest before the presidential inauguration, in December 2024 Trump transferred these shares into a trust.
Conclusion
In parallel with these initiatives, the decentralized finance project (DeFi) World Liberty Financial (WLFI), linked to Trump and his children, has successfully completed the sale of its token, raising a significant sum of 550 million dollars.
Trump Media’s initiative in the crypto sector demonstrates a well-defined strategy to explore new opportunities in blockchain and digital resources. Despite some potential obstacles stemming from political affiliation, regulatory support and the financial availability of the SPAC could facilitate significant acquisition operations.
