Trump Media & Technology Group: Reportedly Considering SPAC Route to Take Social Media Platform Truth Public, Prioritizing Growth of Cryptocurrency Venture

BlockBeats News, March 2nd, The Trump Media and Technology Group announced that it is considering spinning off its flagship social media platform, Truth Social, into a publicly traded company, a move that could prioritize its ambitions in the cryptocurrency space. The company said on Friday that it is in discussions with energy fusion startup TAE Technologies and Texas Ventures Acquisition III for a potential deal, with the latter taking control of the Truth social media platform.

The discussions stem from a merger agreement reached last December between the Trump Media and TAE Technologies, a deal valued at over $6 billion. Following 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 would also be distributed to Trump Media shareholders.

The Trump Media and Technology Group ventured into the cryptocurrency space in 2025, establishing the financial technology brand Truth.Fi to support its cryptocurrency products and services. In late September, they also set up a Bitcoin treasury holding over 11,500 bitcoins.