Trump Media explores Truth Social spin-off following merger plans
Trump Media & Technology Group (TMTG), which runs President Trump’s social media platform, said Friday it is evaluating a plan to spin off Truth Social into a standalone, publicly traded company.
The spin-off would be part of a corporate restructuring that is under discussion among TMTG, TAE Technologies, and Texas Ventures Acquisition III.
In late 2025, TMTG announced a merger with fusion energy firm TAE Technologies in an all-stock deal valued at over $6 billion. The combined company plans to begin construction of a utility-scale fusion power plant this year.
The merger is expected to close in mid-2026. Once it is finalized, Truth Social and its related media assets may be moved into a new entity called “SpinCo,” as noted in the release. Shares of SpinCo would be distributed to existing TMTG shareholders.
SpinCo would then combine with Texas Ventures Acquisition III, a special purpose acquisition company.
TMTG said that the contemplated transaction is aimed at creating pure play companies, which could improve investor valuation and strategic clarity.
TMTG had a robust balance sheet with over $3 billion in financial assets as of late 2025. The company currently holds 11,542 Bitcoin worth around $756 million.
In partnership with Crypto.com, TMTG filed to register crypto exchange-traded funds under its Truth.Fi brand in September 2025, signaling broader expansion beyond social media.
