Trump Media stock surges 25% on merger agreement with nuclear fusion firm TAE Technologies

Core Viewpoint - Trump Media & Technology Group (DJT) is merging with TAE Technologies, a nuclear fusion company, in an all-stock deal valued at over $6 billion, transforming DJT from a social media operator to a clean energy and financial assets entity [1] Group 1: Company Transformation - The merger will significantly change Trump Media's business focus, moving from social media to clean energy and financial assets [1] - DJT shares increased by 25% in early trading following the announcement, although they remain significantly lower year-to-date [1] Group 2: Cryptocurrency Strategy - Trump Media has been developing a cryptocurrency strategy, partnering with Crypto.com to launch a fintech unit called Truth.Fi and introducing crypto-linked exchange-traded funds tied to various cryptocurrencies [2] - The company has built a substantial cryptocurrency balance sheet, holding 11,542 BTC valued at approximately $1.02 billion and investing $105 million in CRO as part of its partnership with Crypto.com [2]