The post Trump Media Plans Truth Social Spinoff, Expands Crypto Push appeared on BitcoinEthereumNews.com.

The company has filed for various Truth Social-branded crypto exchange-traded funds in the United States, comprising one for BTC and ETH.  The potential deal comes amid the loss of $712.3 million last year, reported on Feb 27, mainly influenced by unrealised losses.  Trump Media and Technology Group mentioned that it is looking at drawing out its flagship social media platform, Truth Social, into a publicly traded company, an initiative that could witness it prioritise its crypto ambitions.  The firm mentioned on February 27 that it is talking about the potential deal between the energy fusion startup TAE Technologies and Texas Ventures Acquisition III, a blank check firm that would be handling the social media platform.  The discussions were made on the merger agreement of Trump Media with TAE Technologies in December in a deal having a worth of over $6 billion. Once the merger is shut, Truth Social could be rotated into a new public company referred to as SpinCo, which would then amalgamate with Texas Ventures III.  SpinCo will also face a disturbance to Trump Media shareholders. Trump Media explored the crypto industry in 2025, setting up the fintech brand Truth.Fi to back its crypto products and services while also setting up a Bitcoin treasury having more than 11,500 BTC in late September.  Adding more, the company has filed for various Truth Social-branded crypto exchange-traded funds in the United States, comprising one for BTC and ETH and another for Cronos with staking, in line with its collaboration with Crypto.com.  The Reported Loss The latter of those ETFs would be made on the CRO treasury that Trump Media set up in September with Crypto.com and Yorkville Acquisition. The firm is also quickly widening into the energy sector, a shift that could be boosted via its merger with TAE Technologies, which…

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Filed under: News - @ March 2, 2026 8:28 am