Trump Media & Technology Group shares climbed 25% in early trading after the company announced a merger agreement with nuclear fusion company TAE Technologies. The all-stock deal is valued at more than $6 billion and marks a significant strategic shift for the Truth Social parent.
The company said the merger will transform Trump Media into a clean energy and financial assets platform, broadening its business beyond social media. The move builds on an aggressive crypto strategy rolled out earlier this year. Trump Media partnered with Crypto.com to launch a fintech unit called Truth.Fi and introduced crypto-linked ETFs tied to Bitcoin, Ethereum, Solana, XRP, and CRO.
The firm has also built a large crypto treasury, holding over 11,500 BTC worth around $1 billion and a substantial CRO investment. Despite Thursday’s surge, DJT shares remain sharply lower year-to-date.
You need to login in order to Like
Leave a comment