Trump Media creates $6.42 billion CRO treasury with Crypto.com

The partnership combines three companies to manage a $6.42 billion CRO treasury. The treasury represents about 19 percent of CRO’s total market value.

The funding structure includes $1 billion in CRO tokens, $200 million in cash, $220 million from warrant exercises, and a $5 billion equity line of credit from YA II PN, Ltd., a Yorkville affiliate.

Founding shares and warrants will be locked for one year minimum. After the initial period, tokens will be released over three years in phases.

The new company plans to run validator nodes on the Cronos network. Validator nodes help secure the blockchain and earn rewards. The company will reinvest profits from staking rewards back into CRO holdings.

Yorkville Acquisition Corp. will change its Nasdaq ticker symbol to “MCGA” after the merger completes. The company will remain publicly traded on the stock exchange.

Clear Street was appointed as capital markets advisor for the deal. DLA Piper LLP provides legal counsel to Yorkville. Skadden, Arps, Slate, Meagher & Flom LLP represents Crypto.com.

No public statements from executives at Trump Media, Yorkville, or Crypto.com were included in the announcement.

Cronos operates as a blockchain network that connects with Ethereum and Cosmos networks. The network uses proof-of-authority technology for transaction validation.

Trump Media Group CRO Strategy will accept delegations from other CRO holders through its validator services. Delegated tokens help secure the network and generate additional revenue.

The public listing structure allows both institutional and retail investors to access the treasury through traditional stock markets. Investors can buy shares instead of holding CRO tokens directly.

The merger creates a company focused specifically on accumulating and managing CRO cryptocurrency holdings. The entity will combine traditional treasury management with blockchain-based income generation.