Trump Media & Technology Group said it is weighing a plan to spin out its flagship social network, Truth Social, into a separately listed company — a move that could allow the parent to focus more on its crypto and fintech ambitions.
The company said discussions are underway with fusion-energy developer TAE Technologies and blank-check firm Texas Ventures Acquisition III. The talks follow Trump Media’s December agreement to merge with TAE Technologies in a transaction valued at more than $6 billion. Under the contemplated structure, Truth Social could be carved out as a new public entity, referred to as SpinCo, which would then merge with Texas Ventures III and have shares distributed to Trump Media shareholders.
Trump Media has accelerated its push into crypto through its Truth.Fi fintech brand launched in 2025. The company reported building a Bitcoin treasury of over 11,500 BTC by late September and has filed for several Truth Social–branded U.S. crypto exchange-traded funds, including products for Bitcoin and Ether and a Cronos (CRO) ETF with staking features tied to a partnership with Crypto.com. The proposed CRO ETF would expand on a CRO treasury the company established in September alongside Crypto.com and Yorkville Acquisition.
Separately, the firm is broadening into the energy sector — a strategy that could be boosted by the TAE merger, given TAE’s focus on developing nuclear fusion technologies aimed at meeting rising power needs for applications such as artificial intelligence data centers.
Financially, Trump Media reported a $712.3 million loss for 2025, primarily driven by unrealized losses from lower crypto and related-security prices. The company closed 2025 with about $2.5 billion in assets, up from $776.8 million in cash and short-term investments reported for 2024.
