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
Cardano Brings Blockchain Payments to Swiss Retail With ADA at SPAR Stores
ADA payments now accepted at 137 SPAR stores in Switzerland through Cardano integration with DFX.swiss Open Crypto Pay.
Real-time blockchain transactions reduce merchant fees by about two-thirds compared to traditional card providers.
The Cardano Foundation has announced that Swiss payments
CryptoNewsFlash25m ago
Citibank promotes "Bitcoin Banking": Striving to launch "Institutional-Grade Custody" and "Cross-Asset Collateral" services this year
Citigroup is pushing for the banking of Bitcoin, planning to deeply integrate it into the traditional financial system, with institutional-grade crypto custody services expected to launch in 2026. By simplifying Bitcoin transaction processes and reducing operational friction, Citigroup aims to attract more institutions to adopt digital assets further. Additionally, the bank is exploring the applications of stablecoins and blockchain deposit tokens, hoping to provide traditional financial institutions with more convenient ways to utilize capital.
区块客1h ago
Brickken Joins UNE Committee to Advance Institutional Tokenization Standards
Brickken, an institutional-grade tokenization infrastructure provider for capital markets, allowing the issuance, management, and lifecycle automation on blockchain networks, is excited to do something innovative for shaping a global standard for institutional tokenization. For this, Brickken
BlockChainReporter1h ago
Ripple Plugs XRP Into $5 Trillion Banking Core
The Ripple DXC Hogan integration showcases collaboration between blockchain and established financial tech, enhancing cross-border payments and supporting stablecoin infrastructure while enabling a hybrid model in banking.
Coinfomania1h ago
Renaiss releases BETA 2.0 roadmap, launches AI sub-brand Auranaiss Intelligence, and kicks off the Hackathon
Renaiss Protocol released the BETA 2.0 roadmap on March 7th, announcing a comprehensive upgrade, the launch of the AI Laboratory Auranaiss Intelligence, and open-source capability modules. A Hackathon will be held in April to attract developers. The first ecosystem project, What's Your References, has begun testing, and a co-branded card pack has been launched in collaboration with Collector Crypt. Currently, it has accumulated 220,000 users and $4 million in trading volume.
GateNews2h ago
Shiba Inu Community Update: New ShibClaw Skill Launches With Warning Issued - U.Today
The ShibClaw skill aims to enhance the Shiba Inu ecosystem by introducing AI agents that automate tasks on the Shibarium blockchain. It emphasizes community collaboration and includes important tools for network interactions, while urging users to remain cautious against scams.
UToday3h ago
