Trump Media & Technology Group: Considering spinning off the social platform Truth to prioritize the development of cryptocurrency business

GateUser-6433627c · 2026-03-02T02:38:31+00:00

Trump Media & Technology Group plans to spin off its social media platform Truth Social into a publicly traded company to promote its cryptocurrency development. The company is in discussions with TAE Technologies and Texas Ventures Acquisition III about a merger, which could form a new company SpinCo and distribute shares to shareholders.

GateUser-6433627c

2026-03-02 02:38:31

Abstract generation in progress

On March 2nd, Trump Media & Technology Group announced that it is considering spinning off its flagship social media platform, Truth Social, into a publicly traded company, which could prioritize its cryptocurrency ambitions. The company stated on Friday that it is in discussions with fusion energy startup TAE Technologies and Texas Ventures Acquisition III about a potential deal, with the latter taking control of Truth Social. These discussions build on a merger agreement reached between Trump Media and TAE Technologies in December last year, valued at over $6 billion. After the merger, 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 will also be distributed to Trump Media’s shareholders. Trump Media & Technology Group entered the cryptocurrency space in 2025, establishing the fintech brand Truth.Fi to support its crypto products and services, and in late September, it also set up a Bitcoin treasury holding over 11,500 BTC.

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