Trump Media Group Forms Strategic Partnership with Crypto.com and Yorkville Acquisition to Establish $6.42 Billion CRO Treasury Strategy for Digital Assets

Trump Media and Technology Group, known for Truth Social, is partnering with Crypto.com and Yorkville Acquisition to establish Trump Media Group CRO Strategy. This new entity aims to become a digital asset treasury company with a focus on acquiring Cronos (CRO) tokens. With a planned treasury of $6.42 billion, funded by $1 billion in CRO tokens, cash, warrants, and a $5 billion credit line, it intends to be the largest publicly traded CRO treasury. The strategy includes staking rewards via a validator node in the Cronos blockchain to reinvest and grow CRO holdings. The move towards Cronos was influenced by its focus on DeFi, NFTs, and the metaverse. The partnership between the Trump-backed group and Crypto.com has faced criticism over governance issues previously.

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