Trump Media & Technology Group (TMTG), the company behind US President Donald Trump’s Truth Social, is entering a major new deal with Crypto.com and Yorkville Acquisition to form a cryptocurrency-focused treasury business.
In a joint statement on Tuesday, the three companies confirmed they have finalized an agreement to create Trump Media Group CRO Strategy. The new entity will specialize in building a large-scale digital asset treasury centered on Cronos (CRO), the native token of the Cronos blockchain developed by Crypto.com.
The venture will be majority-owned by Trump Media, along with significant stakes held by Crypto.com and Yorkville Acquisition. Their target is ambitious: amassing a treasury worth at least $6.42 billion.
Building the largest CRO treasury
According to the announcement, the venture will be capitalized with $1 billion worth of CRO tokens, $420 million in cash and warrants, plus access to a $5 billion credit facility provided through a Yorkville affiliate.
This capital structure, the companies claim, will make CRO Strategy the first publicly listed CRO treasury firm and position it as potentially the largest digital asset treasury business by market capitalization in history.
To strengthen the project’s long-term outlook, Trump Media, Crypto.com, and Yorkville have agreed to a mandatory 12-month lock-up period on their initial holdings and warrants, which will begin once the business combination is completed.
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