Trump Media Considers Spin-Off, Leaving Truth Social's Bitcoin Assets Uncertain
The Trump Media and Technology Group (TMTG) is reportedly weighing the option to spin off its social media platform, Truth Social, into a separate public entity.
This potential move would see TMTG merge with Texas Venture Capital Fund, which could have significant implications for Truth Social's cryptocurrency assets.
At present, it is unclear what will become of Truth Social's Bitcoin holdings if the spin-off goes ahead, but experts suggest that they may be subject to a separate listing or sale.