Trump Media and Technology Group, owned by Donald Trump, merges with fusion power company TAE Technologies. The parent company of Truth Social holds over $1 billion worth of Bitcoin, making it the 11th largest corporate Bitcoin treasury. The $6 billion all-stock deal is expected to close in mid-2026.

By partnering with Crypto.com, Trump Media ventures into ETFs linked to cryptocurrencies and a proposed prediction market. The company’s shares surged 45% to $15.20 before closing at $14.86 on Dec. 18. The DJT stock was at $16.28 at the time of writing. The combined company plans to build the first utility-scale fusion power plant in 2026 to aid in the U.S. global AI war efforts.

TAE Technologies has raised over $1.3 billion in private capital from major entities like Google, Goldman Sachs, and Charles R. Schwab. Trump Media and Technology Group chairman Devin Nunes believes fusion power will revolutionize energy production and boost America’s AI supremacy, manufacturing, and national defense. The company aims to quickly commercialize TAE’s technology with the merger.

Read more at Yahoo Finance: Trump Media surges 45% on $6B merger with Google-backed firm