Trump Media & Technology Group is weighing a significant move to spin off its social media platform, Truth Social, into a publicly traded entity. This strategic shift aims to prioritize the company's growing cryptocurrency ventures.
Discussions are underway with energy fusion startup TAE Technologies and special purpose acquisition company Texas Ventures Acquisition III. If finalized, Truth Social could become a new public company named SpinCo, subsequently merging with Texas Ventures III. SpinCo shares would be distributed to existing Trump Media shareholders.
This potential separation aligns with Trump Media's expansion into the fintech space, notably with its brand Truth.Fi. The company has established a Bitcoin treasury holding over 11,500 BTC and has filed for multiple Truth Social-branded cryptocurrency exchange-traded funds. These include ETFs for Bitcoin and Ether, and another for Cronos with staking capabilities, supported by a partnership with Crypto.com.
The company is also diversifying into the energy sector, with a potential merger with TAE Technologies poised to accelerate its involvement in nuclear fusion technology solutions for AI data centers.
Despite these strategic expansions, Trump Media reported a substantial net loss of $712.3 million for 2025, largely attributed to unrealized losses from declining cryptocurrency and related securities values. The company ended 2025 with approximately $2.5 billion in assets.