Trump Media & Technology Group stated that it is exploring spinning off its flagship social platform Truth Social into an independent publicly traded company to prioritize its crypto business. The plan involves negotiations with fusion startup TAE Technologies and blank check company Texas Ventures Acquisition III; if the over $6 billion merger with TAE is completed by December 2025, Truth Social could be spun off as a new publicly traded company, SpinCo, which would then merge with Texas Ventures III, with SpinCo shares distributed to Trump Media shareholders. Trump Media plans to launch the Truth Fi fintech brand in 2025 to support its cryptocurrency products and services, while also establishing a Bitcoin treasury (over 11,500 BTC as of the end of September). (Cointelegraph)

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