Trump Media Eyes Truth Social Spinoff Amid Crypto Push

Donald Trump’s social media firm is considering a plan to separate its main platform, Truth Social, marking a major strategic shift for the five-year-old company.

Truth Social Spinoff Under Consideration

The US parent company behind the social media platform Truth Social, Trump Media & Technology Group (TMTG), announced that it is considering a potential spinoff of its social media business, allowing the broader organisation to focus more directly on emerging technology initiatives, including cryptocurrency-related ventures. This contemplated corporate action would occur after a previously announced merger with fusion energy company TAE Technologies, as part of a broader restructuring of TMTG’s operations.​

The move would see Truth Social and other Trump Media businesses become SpinCo, which would then merge with Texas Ventures III, a special purpose acquisition company (SPAC). Some assets and businesses, however, would remain with Trump Media, though the firm did not indicate which. Executives have indicated that the move is part of a broader effort to streamline operations and position the business’s segments for targeted growth. The review process includes assessing regulatory requirements, shareholder implications, and operational feasibility. 

TMTG highlighted that discussions are ongoing, as any transaction would require approval from regulators, boards, and shareholders before it could be completed. The announcement said,

“The contemplated transaction is intended to create shareholder value through the creation of pure play companies, each with distinct strategies.”

Strategic Realignment and Business Focus

The proposed spinoff could significantly reshape the company’s strategic direction as it seeks to distinguish between its social media roots and its expanding interests in other sectors. This structural change comes amid broader shifts in TMTG’s business mix.

In late 2025, the company agreed to an approximately $6 billion all-stock merger with TAE Technologies, a developer of nuclear fusion energy systems backed by global investors, including tech and energy firms. In that same year, the company reported a widened net loss of more than $700 million, largely owing to unrealised losses in digital asset holdings, including crypto investments. Net sales from its media and digital platforms remained modest.

Financial and Operational Metrics

Recent filings and public statements indicate that the company has been increasing its attention on cryptocurrency-related opportunities. This includes:

Annual Losses and Assets: In 2025, TMTG reported a net loss of about $712 million, more than double its 2024 loss. Despite this, the company’s financial assets increased to roughly $2.5 billion, up from about $776 million the previous year.

Revenue Trends: Net sales from Truth Social increased slightly in 2025 compared to 2024 but remained relatively low, with some quarters showing a downturn at certain points.

Merger and SPAC Plans: TMTG’s proposed merger with TAE Technologies would combine interests in fusion energy and digital platforms. The plan to spin off Truth Social and pursue a SPAC merger plan aligns with this broader strategic ambition.

Last year, the firm added $2 billion in Bitcoin (BTC) and BTC-related securities to its balance sheet. In June 2025, the firm filed for a Bitcoin ETF and later a crypto blue-chip ETF, which includes Ethereum (ETH), Solana (SOL), Ripple-linked XRP and Cronos (CRO) with staking and a partnership with Crypto.com. The crypto sector has seen fluctuating activity, with periods of rapid growth followed by regulatory scrutiny and market adjustments.​

Future updates are expected to clarify the company’s direction, including how it manages its social media operations alongside its digital asset initiatives. If approved, these moves may redefine Trump Media & Technology Group’s position in the markets and how it operates within the intersection of media, technology, and emerging asset classes.