Trump Media & Technology Group said it will team with Crypto.com and blank-check firm Yorkville Acquisition Corp. to create Trump Media Group CRO Strategy, a digital-asset treasury that will hold large positions in Crypto.com’s Cronos (CRO) token. The venture is expected to list on Nasdaq under the symbol “MCGA.” The partners plan to capitalize the new company with roughly $6.4 billion, including about $1 billion in CRO—equal to 19% of the token’s circulating supply—$200 million in cash, $220 million in warrants and an equity line of up to $5 billion arranged by a Yorkville affiliate. Trump Media will buy $105 million worth of CRO, while Crypto.com will invest $50 million in Trump Media stock. All founding stakes will be locked for 12 months, followed by a phased release over three years. CRO is slated to become the rewards and payments token across Trump Media’s Truth Social network and Truth+ streaming service, integrating Crypto.com’s wallet technology. “We continue to be bullish on cryptocurrency,” Trump Media Chief Executive Officer Devin Nunes said. Crypto.com CEO Kris Marszalek added that the project “will encompass more than the entire current market capitalization of CRO.” The announcement sent DJT shares up as much as 10% intraday, while CRO gained about 30%. Yorkville’s stock also advanced. The move follows Trump Media’s July purchase of $2 billion in bitcoin and underscores a broader corporate trend of building digital-asset treasuries.
President Trump’s personal crypto ventures are expanding again, this time with plans for a digital asset treasury company that holds an alternative cryptocurrency. https://t.co/cKVvsUzlzs
CRO Mindshare jumps 853% after Trump Media partnership announcement https://t.co/LxN5uGydPd
Congratulations to @cryptocom on their partnership with Trump Media! This positions Cronos at the heart of America's digital economy. Cronos zkEVM, powered by @ZKsync, continues to build toward the golden age of onchain dominance. https://t.co/WPwLkMkvj0 https://t.co/2zl2MLnnU1