Trump Media & Technology Group has said it is considering turning leading social media platform Truth Social into a public company, a move that could see it leverage its cryptocurrency ambitions.
Donald Trump’s foundation company said Friday that it is considering a potential deal with startup TAE Technologies and Texas Ventures Acquisition III, a blank check company that would take control of the social media platform.
The discussions build on Trump Media’s more than $6 billion merger deal with TAE Technologies last December.
When this merger closes, Truth Social may be spun off into a new public company called SpinCo, which will then merge with Texas Ventures III. SpinCo shares will also be distributed to Trump Media shareholders.
Trump Media expanded into crypto in 2025 and created the fintech brand Truth.Fi to support its crypto products and services, and also launched a Bitcoin fund with over 11,500 BTC in late September.
The company has also filed for several Truth Social-branded crypto exchange funds in the U.S., including one for Bitcoin (BTC) and Ether (ETH) and another for Cronos (CRO) in connection with its partnership with Crypto.com.
The latter of these ETFs will build on the CRO fund that Trump Media launched in September with Crypto.com and Yorkville Acquisition.
The company is also expanding rapidly in the energy sector, a move that could be accelerated by its merger with TAE Technologies, which develops fusion technology solutions to meet the growing power demands of artificial intelligence data centers.
related to: X to show paid ads but bans crypto ads in EU, UK
The potential deal comes as Trump Media reported on Friday that it lost $712.3 million in 2025, largely due to unexpected losses from the decline in the price of crypto and related securities.
The company said it closed 2025 with about $2.5 billion in assets, more than triple the $776.8 million in cash and short-term investments it reported for 2024.
Magazine: “Tsunami” of wealth is heading to crypto: Nansen Alex Swanevik
