The company invested $105 million in CRO last September as part of its Crypto.com partnership
Trump News
Trump Media & Technology Group has agreed to merge with nuclear fusion company TAE Technologies in an all-stock transaction valued above $6 billion, according to Wednesday's announcement. DJT shares rose 25% in early Thursday trading following the deal disclosure, though the stock remains sharply lower year-to-date.
The merger transforms Trump Media from a social media operator into a clean energy and financial assets company, building on its expanding crypto strategy. The Truth Social parent partnered with Crypto.com earlier this year to launch fintech unit Truth.Fi while introducing crypto-linked ETFs tied to Bitcoin, Ethereum, Solana, XRP, and Crypto.com's CRO token.
Trump Media holds 11,542 Bitcoin, worth approximately $1.02 billion at current prices, on its balance sheet. The company invested $105 million in CRO last September as part of its Crypto.com partnership, establishing a substantial digital asset treasury alongside its social media operations.
The TAE Technologies acquisition marks a strategic pivot into clean energy infrastructure while maintaining the company's growing digital asset focus. Trump Media has positioned itself as both a technology platform operator and a corporate Bitcoin holder following its treasury accumulation strategy.
President Donald Trump maintains a significant ownership stake in Trump Media through his controlling interest in the publicly traded company. The merger announcement follows the administration's expressed support for both domestic energy development and cryptocurrency industry growth.
The deal structure uses all-stock terms rather than cash consideration, with TAE Technologies shareholders receiving Trump Media equity in exchange for their fusion technology company stakes. Final terms remain subject to regulatory approval and standard closing conditions for transactions of this scale.
Trump Media's crypto-linked ETF products provide exposure to major digital assets without direct token ownership, targeting traditional investors seeking regulated investment vehicles. The Truth.Fi fintech platform aims to integrate digital asset services with the Truth Social ecosystem.
The company's transformation from a pure-play social media venture into a diversified technology and energy operation reflects broader trends among publicly traded firms adding Bitcoin treasury positions and expanding into adjacent technology sectors beyond their original business models.
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