BlockBeats News, March 2 — Trump Media & Technology Group announced that it is considering spinning off its flagship social media platform, Truth Social, into a publicly traded company. This move could prioritize its ambitions in the cryptocurrency sector. The company stated on Friday that it is in discussions with fusion energy startup TAE Technologies and Texas Ventures Acquisition III regarding a potential deal, with the latter taking control of Truth Social.
This discussion builds 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 could 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, launching the fintech brand Truth.Fi to support its crypto products and services. In late September, it also established a Bitcoin treasury holding over 11,500 BTC.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
'Midnight Isn't Hurting Cardano,' Insider Defends Charles Hoskinson's Vision - U.Today
Cardano DRep dori defends the privacy chain Midnight, stating it complements rather than competes with Cardano. He emphasizes Midnight's role in enhancing privacy and scalability, addressing market demands for institutional users. Dori supports Hoskinson's vision, highlighting the importance of Midnight in the Cardano ecosystem, especially with its recent mainnet launch.
UToday8h ago
Concrete Joins Forces With Euler to Build Institutional DeFi Lending
Concrete and Euler have partnered to enhance institutional-grade decentralized finance (DeFi) lending by building customizable and secure lending markets. This collaboration focuses on establishing structured vaults, managing risk parameters, and ensuring high-quality lending environments.
BlockChainReporter9h ago
BYDFi Perpetual Futures Data Now Live on TradingView
VICTORIA, Seychelles, March 12, 2026 — BYDFi announced the integration of its perpetual futures market data into TradingView, enabling traders to access real-time pricing and crypto market signals directly within TradingView charts. The integration supports more efficient workflows by bringing BYDFi
CoinDesk12h ago
Symbiosis Finance Expands Into X1 EcoChain to Unlock Cross-Chain Interoperability and Web3 Liquidity
Symbiosis Finance, a multi-chain liquidity protocol that enables cross-chain token swaps from various blockchain networks, today announced a strategic expansion into X1 EcoChain, an EVM-compatible Layer-1 DEPIN blockchain network that offers an eco-friendly and scalable solution for decentralized ap
BlockChainReporter13h ago
