Trump Media & Technology Group is exploring a plan to separate its flagship social network, Truth Social, into a standalone publicly listed company. The proposed carve-out would let the parent company concentrate on its growing crypto and fintech initiatives as well as new energy investments.
Company executives say discussions are underway with fusion-energy developer TAE Technologies and special-purpose acquisition vehicle Texas Ventures Acquisition III. The contemplated structure would create a new public entity, referred to as SpinCo, that would house Truth Social. SpinCo would then merge with Texas Ventures Acquisition III, and the merged shares would be distributed to Trump Media shareholders.
The potential spinout follows Trump Media’s December agreement to combine with TAE Technologies, a deal valued at more than $6 billion. TAE is focused on developing nuclear fusion technologies, which the company says could help meet rising power needs for applications such as artificial intelligence data centers. The TAE tie-up is part of Trump Media’s broader push beyond social media into energy and infrastructure-related opportunities.
At the same time, Trump Media has accelerated its move into crypto and financial services under the Truth.Fi fintech brand, launched in 2025. By late September, the company reported building a Bitcoin treasury of more than 11,500 BTC. Trump Media has filed for several Truth Social–branded U.S. crypto exchange-traded funds, including products targeting Bitcoin and Ether, and a Cronos (CRO) ETF that would incorporate staking features through a partnership with Crypto.com. That CRO ETF would expand on a CRO treasury the company established in September alongside Crypto.com and Yorkville Acquisition.
Financially, the company recorded a $712.3 million loss for 2025, largely driven by unrealized losses tied to lower crypto and related-security prices. Trump Media closed 2025 with roughly $2.5 billion in assets, compared with $776.8 million in cash and short-term investments reported for 2024.
If completed, the spinout would leave Truth Social as an independent public social-media business while allowing the parent company to focus capital and management attention on its fintech, crypto, and energy ambitions. The companies involved say talks are ongoing and no final agreement has been reached.