Trump Media & Technology Group to Merge with TAE Technologies in All-Stock Deal
According to the company, the all-stock merger valued above $6B pivots DJT toward clean energy and financial assets, building on its Crypto.com partnership and $1.02B in Bitcoin holdings.
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.
- Bitcoin (BTC): The largest cryptocurrency by market value; DJT disclosed holdings of 11,542 BTC worth about $1.02 billion.
- Crypto-linked ETF: An exchange-traded fund tied to crypto assets (e.g., BTC, ETH, SOL, XRP, CRO), providing price exposure without direct coin custody.
- Crypto.com: A cryptocurrency exchange; DJT partnered with it to launch the Truth.Fi fintech unit and invested in its CRO token.