On March 2, it was reported that Trump Media & Technology Group is in talks to spin off its Truth Social platform into an independent publicly traded company. The new entity, SpinCo, plans to merge with special purpose acquisition company Texas Ventures Acquisition III, with shares to be distributed to existing shareholders. The company stated that negotiations are ongoing and no final agreement has been reached.
This spin-off follows Trump Media’s merger agreement with TAE Technologies in December last year, which was valued at over $6 billion and aims to develop utility-scale fusion power plants to supply electricity for AI data centers. The separation will allow the media and energy businesses to focus on their respective development paths.
Financial data shows that Trump Media is projected to incur a net loss of $712.3 million in 2025, up from $400.9 million in 2024. The increased loss is mainly due to unrealized losses on cryptocurrency holdings, including Bitcoin and Cronos, while net sales remained relatively flat at $3.68 million. Despite this, by the end of 2025, the company’s financial assets are estimated to be around $2.5 billion, more than three times the amount at the end of 2024.
In the cryptocurrency sector, Trump Media holds over 11,500 Bitcoin through its fintech brand Truth.Fi and has applied for multiple crypto ETFs, including Bitcoin, Ethereum, and Cronos funds with staking features. The Cronos ETF is closely linked with Trump Media and Yorkville Acquisition. Several ETF applications have been submitted to U.S. regulators but have not yet been approved.
Regarding energy, TAE Technologies has raised over $1 billion to develop advanced fusion technology aimed at reducing radioactive waste. After merging with Trump Media, a fusion energy-focused publicly traded company will be created, offering investors a new option beyond media.
Analysts note that despite slow user growth on Truth Social and competition from major social networks, the company’s total assets have increased significantly year-over-year, mainly driven by appreciation in crypto assets and related securities. Investors should monitor the progress of the spin-off and potential ETF approvals to assess future market opportunities.
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
XRP ETF Performance Praised as 'Really Impressive' by Bloomberg - U.Today
XRP ETFs have shown resilience amid a 45% price drop, attracting significant capital despite typical market behavior. Bloomberg's Eric Balchunas highlights strong investor support. Despite recent outflows, the funds retain substantial assets, indicating community dedication.
UToday3h ago
Crypto Shines Amid Middle East Oil Shock and Market Selloff
Bitcoin remains stable amid market turmoil fueled by rising oil prices and inflation, outperforming traditional assets. Its reduced leverage limits forced selling, attracting long-term investors eyeing potential gains in a volatile landscape.
CryptoFrontNews3h ago
Mega Bank's Director Rui-bin Zhuang tests stablecoin remittances, but the costs of blockchain are misunderstood.
Mega Financial Holding Co. held a media briefing on the 10th. Chairman Dong Rui-bin revealed that to objectively compare the efficiency of bank and blockchain remittances, Mega Bank mobilized 17 countries worldwide and 25 overseas branches last year for testing. Branch staff opened accounts at local legal exchanges and used the virtual asset trading platform BitoPro to trade USDT stablecoins, transferring 50 USDT each time back to Taiwan, and compared this with traditional bank cross-border wire transfers.
The results showed that stablecoins do have advantages for small-scale cross-border remittances. However, for remittance amounts exceeding the equivalent of NT$200,000 (about $7,000 USD), banks remain more cost-competitive.
Mega Experiment: Banks Are More Cost-Effective for Transfers Over $7,000 USD
The test results indicated that in the scenario of "paying NT$ in Taiwan and receiving local currency at the destination," bank wire transfers generally arrive within about 2 hours, with a fee of approximately
ChainNewsAbmedia3h ago
Traditional Finance Drop Alert: VIX Down Over 6%
Gate News bot message, according to the latest Gate TradFi data, VIX has dropped 6% in the short term, and the current volatility is significantly higher than the recent average level, indicating increased market activity.
GateNews5h ago
Ripple Director Names Turkey, Nigeria and UAE as "Must-Watch" Markets - U.Today
Ripple's Reece Merrick outlined plans for the RLUSD stablecoin, targeting Turkey, Nigeria, and the UAE to enhance global expansion. These nations show significant digital dollar demand, critical for financial operations, with projections of $33 trillion in stablecoin transactions by 2025.
UToday6h ago
Amazon plans to hold an internal meeting to address disruptions in AI-assisted coding services
Amazon will hold a conference called TWiST on March 12 to discuss recent service outages caused by AI coding errors. The meeting will be hosted by executive Dave Treadwell and will focus on the frequent system failures.
GateNews6h ago
