Trump Media & Technology Group: Considering a spin-off of the social platform Truth to prioritize the development of its cryptocurrency business
By: rootdata|2026/03/02 15:46:47
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Trump Media & Technology Group has stated that it is considering spinning off its flagship social media platform, Truth Social, into a publicly traded company, a move that may prioritize its ambitions in the cryptocurrency space.
The company announced on Friday that it is in discussions with energy fusion startup TAE Technologies and Texas Ventures Acquisition III regarding a potential deal that would control the Truth social media platform. This discussion builds on the merger agreement reached between Trump Media and TAE Technologies last December, which was valued at over $6 billion.
Once the merger is completed, Truth Social may be spun off into a new publicly traded company called SpinCo, which would then merge with Texas Ventures III. Shares of SpinCo would also be distributed to shareholders of Trump Media. Trump Media & Technology Group is entering the cryptocurrency space in 2025, launching a fintech brand, Truth.Fi, to support its cryptocurrency products and services, and has also established a Bitcoin treasury in late September, holding over 11,500 Bitcoins.
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