Trump Media Partners with Yorkville and Crypto.com to Launch $6.42 Billion CRO Digital Asset Treasury

Trump Media & Technology Group, Yorkville Acquisition Corp., and Crypto.com have announced a groundbreaking business combination to create Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on acquiring CRO, the native cryptocurrency of the Cronos blockchain ecosystem. The deal, valued at $6.42 billion, involves $1 billion in CRO tokens, $420 million in cash and warrants, and a $5 billion equity line of credit.

Yorkville Acquisition Corp., a special-purpose acquisition company (SPAC), will oversee the public trading of shares under the symbol “MCGA” on Nasdaq. The founding partners—Yorkville, Trump Media, and Crypto.com—will hold majority ownership and commit to a one-year lock-up period for their shares, followed by a restrictive release schedule over three years.

Cronos, a blockchain designed for speed, scalability, and interoperability, is central to the initiative. It powers decentralized applications for finance, commerce, and public infrastructure, offering low-cost smart contract deployment and enterprise-grade security. The ecosystem is anchored by the CRO token, which serves as both a utility and governance asset, integrated into Crypto.com’s global infrastructure.

Devin Nunes, CEO of Trump Media, emphasized the strategic importance of digital asset treasuries in the modern financial landscape, citing CRO’s growing utility and value proposition. Crypto.com CEO Kris Marszalek highlighted the project’s scale and structure, which exceeds the current market capitalization of CRO and includes validator strategies to generate staking rewards.

The treasury strategy will focus on accumulating CRO and operating validator nodes, enabling direct participation in network security and governance while generating staking rewards to compound holdings and offset operational costs. A crypto-native team will manage the validator operations to maximize returns and attract third-party CRO delegations.

Trump Media Group CRO Strategy aims to position Cronos as the backbone of a digital-first American economy, leveraging its interoperability and regulatory alignment to integrate with U.S. financial systems. Advisors for the transaction include Clear Street, DLA Piper LLP, and Skadden, Arps, Slate, Meagher & Flom LLP.

This initiative marks a significant step in the adoption of blockchain technology in mainstream finance, setting a precedent for large-scale digital asset treasuries.