Trump Media & Technology Group (DJT) and Crypto.com have announced a landmark partnership that will massively boost adoption and utility for the CRO token. The collaboration operates on two major fronts: direct platform integration and the creation of a dedicated digital asset treasury.
First, Trump Media will purchase approximately 685,427,004 CRO tokens (about 2% of total supply) for $105 million. Additionally, Truth Social and Truth+ platforms will integrate CRO as a utility token within a new rewards system for users, leveraging Crypto.com's digital wallet infrastructure. Future synergies include allowing users to pay for subscriptions with CRO and offering discounted Truth+ subscriptions for Crypto.com account holders.
Second, and more significantly, the parties have formed Trump Media Group CRO Strategy, Inc. through a business combination with Yorkville Acquisition Corp. This new entity will serve as a specialty digital asset treasury focused exclusively on accumulating and managing CRO. It is backed by a massive $6.42 billion funding suite, which includes a $1 billion commitment in CRO tokens, $200 million in upfront cash, $220 million from warrant exercises, and a $5 billion equity line of credit. This treasury will aim to acquire roughly 19% of the entire CRO supply.
The entity will also operate a validator node on the Cronos blockchain, actively participating in network security and governance. Staking rewards earned will be reinvested to grow the treasury's CRO holdings. Founding shareholdings and warrants are subject to a one-year lock-up period, followed by a three-year phased release to ensure stability.
The news immediately sent CRO's price soaring from around $0.15 to a yearly high of over $0.21, a gain of more than 20%, before settling near $0.19. Crypto.com CEO Kris Marszalek called the integration "a historic moment for the Cronos blockchain." Yorkville Acquisition Corp. plans to change its Nasdaq ticker to "MCGA" upon deal closure, providing public market transparency for the venture.