In a bold financial pivot, Trump Media & Technology Group (TMTG) has launched its newest venture: Trump Media CRO Strategy, a digital asset treasury firm co-founded with Crypto.com and SPAC Yorkville Acquisition, aiming to raise $6.42 billion to acquire Crypto.com’s native Cronos (CRO) token (Cointelegraph, Reuters, Financial Times).
Under the deal, the treasury will be funded with $1 billion in CRO tokens, $420 million in cash and warrants, plus a $5 billion equity line of credit from Yorkville affiliates (Cointelegraph, Reuters). Trump Media itself will buy $105 million in CRO tokens, while Crypto.com picks up $50 million in TMTG stock (CoinDesk, AP News).
Once merged with Yorkville through a SPAC, the entity will list on Nasdaq as MCGA, potentially making it the first and largest publicly traded CRO treasury company (Financial Times, Reuters).
Strategic operations include setting up a Cronos validator node to stake and earn rewards, reinvesting gains to compound CRO holdings and support network governance—all managed by a crypto-native team to maximize yield (Cointelegraph, Reuters).
Also Read: Japan’s Finance Minister Believes Crypto is Essential for Portfolios
This move further cements Trump Media’s crypto ambitions—following earlier plans for Bitcoin holdings and crypto-based ETFs—while deeply intertwining its platform Truth Social with Crypto.com infrastructure, from token rewards to wallet integration (The Wall Street Journal, Barron’s).
