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
Kalshi Launches Crypto Perpetual Futures on April 27, Expands into Commodities Trading
Kalshi plans to launch crypto perpetual futures on April 27, expanding from event contracts into derivatives with built-in leverage. The platform also secures a margin-trading license, partners with ProCap Financial to provide real-time data, and unveils a commodities hub while facing growing competition and regulatory scrutiny from the CFTC.
Kalshi launches crypto perpetual futures on April 27, expanding from event contracts into derivatives with leverage, adds a commodities hub and data partnership, and faces rising competition amid CFTC regulatory talks.
GateNews1h ago
Arkham Launches Solana DEX Trading Integration, Targets $47B Monthly Market
Gate News message, April 21 — Arkham announced the launch of its decentralized trading functionality, integrated exclusively with the Solana ecosystem, as it pivots from centralized exchange services to target Solana's thriving DEX market.
The new feature incorporates decentralized trading into Ark
GateNews4h ago
ADA Price Outlook as Cardano Lands LSE Tokenized Deal
Key Insights
Cardano tokenized a Hannover Re reinsurance product and listed it on the London Stock Exchange, expanding blockchain use in regulated institutional markets.
ADA price holds within a descending wedge as support at $0.2400 remains intact while resistance near $0.2550 and $0.2824 l
CryptoNewsLand4h ago
60% of SWIFT Banks Connected to Ripple, Signaling Convergence
According to market analyst Diana, approximately 60% of SWIFT-listed banks now have some connection to Ripple, marking a shift from traditional rivalry to convergence in global payments infrastructure. The trend reflects growing institutional adoption of blockchain-based settlement alongside
CryptoFrontier5h ago
Solana Foundation exec: Solana becoming 'onchain Nasdaq'
Nick Ducoff, head of institutional growth at Solana Foundation, stated in a recent TheStreet Roundtable discussion that Solana's vision of becoming the on-chain Nasdaq and home of internet capital markets is "getting closer and closer." Ducoff outlined four competing approaches to tokenized
CryptoFrontier5h ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand6h ago
