Trump Media & Technology Group to Merge with TAE Technologies in All-Stock Deal

Trump Media & Technology Group (DJT), parent of Truth Social, agreed to merge with nuclear fusion firm TAE Technologies in an all-stock deal valued at more than $6 billion, according to a company press release. The merger shifts DJT from a social media operator to a clean energy and financial assets company. DJT shares rose about 25% in early Thursday trading, though remain sharply lower year-to-date. The move extends DJT’s crypto strategy: it partnered with Crypto.com to launch the Truth.Fi fintech unit, introduced crypto-linked ETFs tied to BTC, ETH, SOL, XRP and CRO, holds 11,542 BTC (about $1.02 billion), and invested $105 million in CRO in September.

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