Trump Media & Know-how Group mentioned it’s contemplating spinning out its flagship social media platform, Reality Social, right into a publicly traded firm, a transfer that would see it prioritize its crypto ambitions.
The Donald Trump-founded firm mentioned on Friday that it’s discussing the potential take care of vitality fusion startup TAE Applied sciences and Texas Ventures Acquisition III, a clean examine firm that will take management of the social media platform.
The discussions construct on Trump Media’s merger settlement with TAE Applied sciences in December in a deal price greater than $6 billion.
When that merger is closed, Reality Social may very well be spun into a brand new public firm known as SpinCo, which might then merge with Texas Ventures III. SpinCo shares would even be distributed to Trump Media shareholders.
Trump Media expanded into crypto in 2025, establishing the fintech model Reality.Fi to assist its crypto services and products whereas additionally establishing a Bitcoin treasury with over 11,500 BTC in late September.
The corporate has additionally filed for a number of Reality Social-branded crypto exchange-traded funds within the US, together with one for Bitcoin (BTC) and Ether (ETH) and one other for Cronos (CRO) with staking, in reference to its partnership with Crypto.com.
The latter of these ETFs would construct on the CRO treasury that Trump Media established in September with Crypto.com and Yorkville Acquisition.
The corporate can be quickly increasing into the vitality sector, a transfer that may very well be accelerated by its merger with TAE Applied sciences, which develops nuclear fusion know-how options to satisfy the surging energy calls for of synthetic intelligence knowledge facilities.
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The potential deal comes as Trump Media reported on Friday that it misplaced $712.3 million in 2025, largely pushed by unrealized losses from declining costs of crypto and associated securities.
The corporate mentioned it closed 2025 with roughly $2.5 billion in property, greater than triple the $776.8 million in money and short-term investments it reported for 2024.
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