Trump Media & Technology Group is considering spinning off its Truth Social platform into a separate publicly traded company. This potential move could allow the firm to sharpen its focus on cryptocurrency initiatives. The company also reported a significant net loss for 2025, primarily driven by unrealized losses from its crypto holdings.
Trump Media & Technology Group said it is considering spinning out its flagship social media platform, Truth Social, into a publicly traded company. This could see the firm prioritize its crypto ambitions.
The Donald Trump-founded company said it is discussing the potential deal with energy fusion startup TAE Technologies and Texas Ventures Acquisition III, a blank check company. The discussions build on merger agreement with TAE Technologies in December in a deal worth more than $6 billion.
When that merger is closed, Truth Social could be spun into a new public company called SpinCo. SpinCo would then merge with Texas Ventures III and distribute shares to Trump Media shareholders.
The company expanded into crypto in 2025, establishing the fintech brand Truth.Fi to support its crypto products. It also established a Bitcoin treasury with over 11,500 BTC in late September.
Trump Media has filed for several Truth Social-branded crypto exchange-traded funds in the US. These include one for Bitcoin (BTC) and Ether (ETH) and another for Cronos (CRO) with staking.
The latter ETF would build on the CRO treasury that Trump Media established in September with Crypto.com and Yorkville Acquisition. The company is also rapidly expanding into the energy sector through its merger with TAE Technologies.
The potential deal comes as Trump Media reported it lost $712.3 million in 2025. This was largely driven by unrealized losses from declining prices of crypto and related securities.
The company said it closed 2025 with approximately $2.5 billion in assets. This was more than triple the $776.8 million in cash and short-term investments it reported for 2024.
