Trump Media & Technology Group Considers Spinning Off TruthSocial for IPO to Prioritize Crypto Business Development

Odaily News: Trump Media & Technology Group has indicated it is considering spinning off its social platform TruthSocial as an independent publicly traded company to strategically prioritize cryptocurrency-related business development. The company stated it is in discussions with energy fusion startup TAE Technologies and Texas Ventures Acquisition III regarding a potential transaction, with the latter aiming to take control of the TruthSocial platform.

The arrangement is based on a merger agreement reached by both parties last December, valuing the deal at over $6 billion. The plan involves first spinning off to establish a new publicly traded company named SpinCo, which would then merge with Texas Ventures III, with SpinCo shares to be distributed to existing shareholders. The company launched its fintech brand Truth.Fi in 2025 and established a Bitcoin reserve, holding over 11,500 BTC.