Trump Media Weighs Truth Social Spin off as Cryptocurrency Grows
- Trump Media may spin off Truth Social as it widens its crypto and energy strategy.
- The proposed SpinCo structure could separate media operations from digital asset plans.
- Rising assets and deeper losses now frame the company’s next strategic test ahead.
Trump Media & Technology Group said it is weighing a plan to spin off Truth Social into a separate public company as it pushes further into crypto and energy. The company disclosed on Friday that it is in talks with TAE Technologies and Texas Ventures Acquisition III on a deal that would place the social media platform under a new structure. The discussions could reshape Trump Media’s business as it broadens its focus beyond social media.
The proposed move builds on Trump Media’s merger agreement with TAE Technologies, announced in December at a value of more than $6 billion. If that transaction closes, Truth Social could be separated into a new public company called SpinCo. SpinCo would then merge with Texas Ventures Acquisition III, while Trump Media shareholders would receive shares in the new entity.
Trump Media said no final agreement has been reached. It also said any deal would still need regulatory approval and shareholder backing.
Deal Structure Takes Shape
The talks center on a plan that would separate Truth Social from Trump Media’s wider operations. Under that structure, the platform would continue as an independent public company after the merger with TAE Technologies closes. Texas Ventures Acquisition III, a blank-check company, would help take SpinCo into the public market.
The proposed restructuring comes as Trump Media deepens its reach into sectors far removed from its original media business. TAE Technologies develops nuclear fusion systems aimed at meeting growing power demand from artificial intelligence data centers. That gives the merger a second layer, linking Trump Media not only to digital assets but also to advanced energy technology.
Analysts say a separation could create a more focused social media business while leaving Trump Media free to pursue its other growth plans. The company, for its part, has not said whether it will complete the transaction.
Related: Trump Media and Crypto.com Launch Truth Predict on Truth Social
Crypto Push Expands
At the same time, Trump Media has moved quickly into cryptocurrency. In 2025, it launched Truth. Fi, a fintech brand built to support crypto products and services. Later in September, the company said it had established a Bitcoin treasury with more than 11,500 BTC.
It also filed for several Truth Social-branded crypto exchange-traded funds in the United States. Those filings include products tied to Bitcoin and Ether, as well as a Cronos fund that includes staking. The ETF applications are tied to Trump Media’s partnership with Crypto.com.
The Cronos product builds on a CRO treasury that Trump Media set up in September with Crypto.com and Yorkville Acquisition. These moves show a steady effort to build a larger role in digital finance. Could that shift prove more central to Trump Media’s future than its social media business?
Losses Rise as Assets Climb
The company’s expansion has come with financial pressure. On Friday, Trump Media reported a net loss of $712.3 million for 2025. It said the loss largely stemmed from unrealized declines tied to crypto holdings and related securities.
Even so, Trump Media ended 2025 with about $2.5 billion in assets. That marked a sharp rise from the $776.8 million in cash and short-term investments it reported for 2024.
Investor reaction to the possible spinoff has been mixed. Trump Media’s stock has fallen more than 50% from recent highs over the past year as sentiment around speculative technology assets weakened. Supporters say a standalone Truth Social could attract more targeted investor interest. Critics, meanwhile, point to the platform’s smaller user base and weaker advertising scale compared with Twitter and Facebook.
