Trump Media Strikes $6.4B Crypto.com Deal

Trump Media Goes All-In on CRO

In a landmark move, Trump Media & Technology Group Corp., Crypto.com, and Yorkville Acquisition Corp. have announced a $6.4 billion agreement to establish a new digital asset treasury firm. The company, rebranded as Trump Media Group CRO Strategy, will focus on acquiring and managing Cronos (CRO) tokens, the native asset of the Cronos blockchain.

The deal includes $1 billion in CRO tokens (roughly 6.3 billion tokens, equal to nearly 19% of total supply), $200 million in cash, $220 million in warrants, and a $5 billion equity line of credit from Yorkville affiliate YA II PN Ltd.

Lock-Up and Nasdaq Rebrand

Under the agreement, founding shareholders — Trump Media, Crypto.com, and Yorkville — will commit to a one-year lock-up on shares and warrants, followed by a three-year restrictive release schedule.

Yorkville Acquisition Corp. also plans to rebrand its Nasdaq ticker from YORK to MCGA (“Make Crypto Great Again”) before the deal closes, symbolizing the political and financial weight behind the venture. Trump Media Group CRO Strategy will also run a validator node on the Cronos network, reinvesting staking rewards to expand its holdings over time.

Trump Media’s Separate CRO Deal

In addition to the SPAC transaction, Trump Media announced a separate $105 million CRO purchase, acquiring 684 million CRO from Foris Holdings U.S. (linked to Crypto.com). The purchase was financed through $50 million in cash and 2.8 million shares of Trump Media stock (DJT).

The tokens will be held with Crypto.com Custody and staked to generate yield. Trump Media’s CEO Devin Nunes said the company is “bullish on crypto”, while Marszalek described the move as “a historic moment for the Cronos blockchain.”

CRO to Power Truth Social and Truth+

Trump Media plans to integrate CRO into its platforms, Truth Social and Truth+, using Crypto.com’s wallet infrastructure. The integration will include: 

• A rewards system, converting in-app “gems” into CRO. 

• Subscription payments in CRO.

• Co-marketing campaigns, offering discounts for Truth+ users.

These steps will position CRO as the utility token for Trump Media’s social and subscription platforms, expanding its reach beyond the crypto community.

Market Reaction: DJT and CRO Surge

The announcement immediately impacted the markets. Trump Media’s DJT stock rose over 6% to $18.31 on Tuesday, while CRO surged more than 25% to $0.20 within 24 hours.

With Trump Media leveraging CRO across its ecosystem and Crypto.com securing one of the largest-ever treasury partnerships, the Cronos blockchain is now positioned as a serious contender in the stable of digital payment networks.