Odaily Planet Daily reports that Trump Media & Technology Group is considering spinning off its social platform TruthSocial into an independent publicly traded company to prioritize its cryptocurrency-related initiatives strategically. The company stated it is in discussions with fusion energy startup TAE Technologies and Texas Ventures Acquisition III, which aims to take control of the TruthSocial platform.
The arrangement is based on the merger agreement reached by both parties in December last year, with a transaction valuation exceeding $6 billion. The plan includes first spinning off a new publicly traded company named SpinCo, followed by its merger with TexasVenturesIII, 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.