Trump Media, Yorkville to Form $6.4 B Crypto Treasury Company

Trump Media Group has signed a definitive agreement with blank-check firm Yorkville Acquisition Corp. to create Trump Media Group CRO Strategy Inc., a company that will hold digital assets. The parties plan to allocate about $6.42 billion to acquire CRO, the native cryptocurrency of Crypto.com, building what they say will be a large on-balance-sheet treasury of digital tokens. The transaction combines Trump Media’s existing social-media assets with Yorkville’s public-market vehicle, giving the new entity a stock-market listing once the merger closes. No timetable for completion was disclosed, and the companies did not detail financing arrangements beyond the headline purchase figure. The move marks Trump Media’s most aggressive push into cryptocurrencies to date, adding to a wave of corporate treasury strategies that incorporate digital tokens alongside cash and short-term securities. Shares of Trump Media’s tracking stock, trading under the ticker DJT, rose about 2.6% in pre-market trading following the announcement.