In a move that can only be described as a financial three-way dance, Trump Media, Yorkville Acquisition Corp., and Crypto.com have decided to merge their powers to create the Trump Media Group CRO Strategy, Inc. Yes, you heard that right-a $1 billion digital asset treasury dedicated to CRO, the native token of Cronos. Because who wouldn’t want to throw a billion dollars at a cryptocurrency named after a Greek god of time? ⏳
Trump Media-Backed SPAC to Create Largest Public CRO Treasury Company
Yorkville Acquisition Corp. (Nasdaq: YORK), Trump Media & Technology Group (Nasdaq/NYSE Texas: DJT), and Crypto.com have entered into a definitive merger agreement to launch Trump Media Group CRO Strategy, Inc. This is basically like the Avengers of finance, but instead of saving the world, they’re just trying to save your wallet from itself.
The deal, structured as a SPAC business combination (which sounds like a fancy way of saying “we’re throwing a lot of money at this”), will establish the largest public CRO treasury with $1 billion worth of CRO (that’s 6.3 billion tokens, or 19% of the supply). And just to sweeten the pot, they’re tossing in $200 million in cash and $220 million from warrant exercises. It’s like a financial buffet, and everyone’s invited! 🍽️
“We continue to be bullish on cryptocurrency,” said Devin Nunes, Chairman and CEO of Trump Media & Technology Group, as if he were discussing the weather instead of a billion-dollar venture. “We are excited to be partnering with a leading global cryptocurrency platform in Crypto.com and one of the most sophisticated investor groups in Yorkville for this strategic initiative.” Because nothing says sophistication like a bunch of guys in suits playing with digital coins.
Once the merger closes, the new company’s shares will trade on Nasdaq under the ticker “MCGA.” Yes, MCGA-Make Crypto Great Again. Founding partners Yorkville, Trump Media, and Crypto.com have agreed to a one-year lock-up period on their shares, followed by a phased three-year release schedule. It’s like a financial version of waiting for your favorite TV show to come back from hiatus.
“The sheer size and structure of this project will encompass more than the entire current market capitalization of CRO,” said Kris Marszalek, Co-Founder and CEO of Crypto.com. “Combined with share lock-ups by each party and the treasury’s validator strategy, it makes for a unique and compelling offering compared to all other digital asset treasuries.” Translation: We’re throwing a lot of money at this, and we hope it works out. 🤞
Trump Media Group CRO Strategy plans to allocate substantially all reserves to CRO, run a validator node on the Cronos blockchain, and compound staking rewards to grow holdings over time. It’s like planting a money tree, but instead of water, they’re using cryptocurrency and a sprinkle of hope.
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2025-08-26 19:03