Trump Media Weighs Spinning Off Truth Social…Laying Groundwork to Step Up Its Digital-Asset Business
Summary
- Trump Media is reviewing a Truth Social spin-off and separate listing, a strategic move aimed at sharpening its focus on its digital-asset business, it said.
- After the spin-off, shares of the newly listed entity SpinCo are expected to be distributed to existing shareholders of Trump Media, it said.
- Trump Media expanded the business through a Bitcoin treasury strategy and crypto ETF filings, but said it posted a net loss of about $712.3 million in 2025.
Forecast Trend Report by Period
Trump Media & Technology Group (TMTG) is reportedly reviewing a plan to spin off its social-media platform Truth Social and list it separately.
According to Cointelegraph on the 1st (local time), TMTG said it is discussing potential Truth Social-related transactions with energy nuclear-fusion startup TAE Technologies and special purpose acquisition company (SPAC) Texas Ventures Acquisition III. The industry is interpreting the talks as a strategic move to sharpen the company’s focus on its digital-asset (cryptocurrency) business.
The discussions are based on a merger agreement with TAE Technologies valued at about $6 billion signed in December last year. If the merger is completed, Truth Social would be separated into a new listed company called “SpinCo” and then merged with Texas Ventures III, according to market talk. SpinCo shares are expected to be distributed to existing Trump Media shareholders.
Trump Media entered the digital-asset business in earnest in 2025. It launched the fintech brand “Truth.Fi” to pursue digital-asset products, and in September last year it established a Bitcoin treasury strategy holding more than 11,500 BTC.
It also filed in the U.S. for Truth Social-branded crypto ETF products, including Bitcoin (BTC) and Ethereum (ETH)-based exchange-traded products (ETFs) and a Cronos (CRO) staking ETF. The CRO ETF is tied to a CRO treasury strategy formed in cooperation with Crypto.com and Yorkville Acquisition.
Financial results, however, were weak. Trump Media said it posted a net loss of about $712.3 million in 2025. Mark-to-market losses from declines in the prices of digital assets and related securities were a key factor. The company holds total assets of about $2.5 billion as of the end of 2025—more than triple the $776.8 million in cash and short-term investments in 2024.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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