Truth Social May Become Standalone Public Entity as Trump Media Focuses on Digital Currency Expansion
In 2025, Trump Media ventured into the cryptocurrency sector through its Truth.Fi fintech division, establishing a Bitcoin reserve, submitting applications for various digital asset ETFs, and securing a collaborative agreement with Crypto.com.
Trump Media & Technology Group has revealed that it is evaluating the possibility of separating its primary social networking service, Truth Social, into an independently traded public entity, a strategic decision that may allow the company to concentrate more heavily on its cryptocurrency initiatives.
On Friday, the company established by Donald Trump announced ongoing negotiations regarding the prospective transaction with TAE Technologies, an energy fusion startup, along with Texas Ventures Acquisition III, a special purpose acquisition company that would assume ownership of the social networking platform.
These ongoing negotiations extend from Trump Media's previously announced merger agreement with TAE Technologies finalized in December, a transaction valued at over $6 billion.
Following the completion of that merger, Truth Social may be separated into a newly formed publicly traded entity designated as SpinCo, which would subsequently combine with Texas Ventures III. Additionally, SpinCo stock would be allocated to existing Trump Media shareholders.
In 2025, Trump Media made its entry into the cryptocurrency space, launching the fintech division Truth.Fi to facilitate its digital currency products and services, and simultaneously building a Bitcoin treasury containing more than 11,500 BTC in late September.
Furthermore, the company has submitted applications for multiple Truth Social-branded cryptocurrency exchange-traded funds in the United States, including offerings for Bitcoin (BTC) and Ether (ETH), as well as another for Cronos (CRO) featuring staking capabilities, tied to its collaborative partnership with Crypto.com.
The second of these ETFs would complement the CRO treasury that Trump Media created in September through its partnership with Crypto.com and Yorkville Acquisition.
Additionally, the company is aggressively moving into the energy industry, an expansion that may gain momentum through its merger with TAE Technologies, a firm that creates nuclear fusion technology solutions designed to address the increasing power requirements of artificial intelligence data centers.
This prospective transaction emerges as Trump Media disclosed on Friday that it experienced losses totaling $712.3 million in 2025, primarily attributed to unrealized losses stemming from decreasing valuations of cryptocurrency holdings and associated securities.
According to the company's report, it concluded 2025 holding approximately $2.5 billion in total assets, representing more than three times the $776.8 million in cash and short-term investments that it had reported for 2024.