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
Swiss Centennial Bank Banque SyzUP Splits Over Bitcoin, Son Takes Team and Assets to Build Europe's Largest BTC Treasury
Geneva's century-old private bank Banque Syz rejected a cryptocurrency asset integration proposal by its board of directors, prompting Marc Syz, son of the founder, and his partner Richard Byworth to resign and establish a bitcoin treasury company. Although the proposal only involved 0.9% of the bank's assets, it reflects contradictions between family members and traditional banking models. Marc's departure signals a reflection on the growth bottlenecks of traditional private banking and an entry into the bitcoin market where risks and uncertainties coexist.
動區BlockTempo1h ago
Latam Insights: Ripple Accelerates Brazilian Expansion, Brazil Backpedals on Crypto Taxation
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Ripple makes moves to accelerate its expansion into Brazil, the Brazilian government is reportedly backpedaling on its crypto taxation plans, and Argentina bans access to
Coinpedia2h ago
XRP Open Interest Drops 75%, But Stablecoin Fragmentation Intensifies XRP Bridge Demand
XRP open interest declined approximately 75%, indicating that leveraged traders are exiting the market, but stablecoin fragmentation may increase bridge demand for XRP. Evernorth Holdings' IPO application demonstrates that institutions still view XRP's long-term value positively. The overall market faces macroeconomic pressure, with weak short-term momentum structure.
MarketWhisper4h ago
Mastercard Spends $1.8 Billion on Stablecoin Insurance, Cross-Border Payment King Begins Defense
Mastercard is acquiring stablecoin infrastructure company BVNK for up to $1.8 billion, a move aimed at protecting its market position in cross-border transactions as stablecoins threaten 37% of its revenue. BVNK will help Mastercard integrate stablecoin payments, improve settlement efficiency and reduce costs, while addressing regulatory challenges. User experience may remain unchanged in the future, but settlement speed and costs are expected to improve.
MarketWhisper6h ago
TradingRazor Partners With Manadia to Advance AI-Driven DeFi Trading Systems
Manadia, a data settlement and AI coordination infrastructure with expertise in enabling verifiable execution across various blockchain networks, today announced a strategic partnership with TradingRazor, an AI-powered multi-chain trading intelligence platform that helps traders to capture
BlockChainReporter9h ago
Bounce Finance Launches ‘Bounce Predict’ for Sotheby’s Auction Markets
Bounce Finance has launched Bounce Predict, enabling prediction markets for Sotheby’s auctions. This initiative bridges DeFi with traditional auction dynamics, promoting transparency and trust through verified data, enhancing market opportunities for participants.
BlockChainReporter10h ago
