Trump Media, Yorkville, and Crypto.com Launch $1B CRO Digital Asset Treasury
Yorkville Acquisition Corp., Trump Media & Technology Group (NYSE/DJT), and Crypto.com have announced a landmark business combination to form Trump Media Group CRO Strategy, Inc., a new publicly traded digital asset treasury company focused on Cronos (CRO) accumulation.
$1B in CRO to Seed Treasury
Under the agreement, the new entity will be funded with $1 billion in CRO tokens (approximately 6.3 billion CRO, representing ~19% of the token’s market capitalization at the time of announcement). Additional commitments include $200 million in cash, $220 million in warrants, and access to a $5 billion equity line of credit from Yorkville affiliate YA II PN, Ltd.
If completed, this would represent the largest CRO-focused…
