Trump Media & Technology Group and Crypto.com have struck a deal with blank-check vehicle Yorkville Acquisition Corp. to form Trump Media Group CRO Strategy, Inc., a dedicated treasury company that will accumulate the Cronos (CRO) cryptocurrency. The definitive agreement, announced 26 Aug., envisions a balance sheet of up to $6.42 billion in digital assets. Initial financing includes roughly $1 billion worth of CRO tokens—about 19 percent of the token’s outstanding supply—alongside $200 million in cash and $220 million in warrants. An affiliate of Yorkville is providing a $5 billion equity line of credit. Separately, Trump Media will buy $105 million in CRO for its own reserves, while Crypto.com will invest $50 million in Trump Media shares. The new venture plans to list on Nasdaq under the symbol MCGA after Yorkville completes its SPAC merger. Markets responded swiftly: CRO climbed nearly 30 percent to around $0.20, Trump Media shares added roughly 6 percent to $18.36, and Yorkville slipped about 2 percent in afternoon trading. In a related development, Donald Trump Jr.’s venture firm 1789 Capital committed a "double-digit millions" investment to blockchain prediction platform Polymarket and named the president’s son to the company’s advisory board, further underscoring the family’s deepening involvement in the cryptocurrency sector.
🚨 TRUMP JR. BETS BIG ON CRYPTO PREDICTION MARKETS WITH POLYMARKET MOVE Donald Trump Jr. joins Polymarket’s advisory board after 1789 Capital—where he is a partner—makes a strategic investment in the crypto-based prediction platform. Move signals deepening ties between Trump Jr. https://t.co/9gac1RrLys
IP acquired, entering the US market, Tucker Carlson rumored brand ambassador. They won't know what hit them. https://t.co/3YbcdGmknb
exchange collapse! accumulate cro at 5.1% exchange share because truth social makes trading volume irrelevant. 150m users earning tokens for posting beats fee discounts! decoupling: $6.9b cap pricing failure not media utility