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Todd Smith

4 months ago

shared a link post in group #REAL Truth

fortune.com/crypto/2025/0.. Trump Media & Technology Group, which runs the #REAL Truth Social app, said Tuesday it is teaming up with Crypto.com to launch a publicly-listed company that will buy and hold $6.4 billion of CRO tokens, the #Crypto issued by Crypto.com. That would make the firm the latest ‘crypto treasury’ company, whose sole purpose is to hold cryptocurrencies. The companies signed an agreement with special-purpose acquisition company Yorkville Acquisition Corp, which will become Trump Media Group CRO Strategy. They said expected funding will consist of $1 billion in the CRO tokens, $420 million in cash and warrants, and access to a $5 billion equity line of credit from an affiliate of Yorkville, a New Jersey financial firm. It is the latest crypto deal by President Donald Trump’s family, which has ventured into crypto mining, stablecoin, and memecoin businesses. Crypto.com donated $10 million to support Trump in February. In March, the SEC terminated its investigation into crypto.com amid its pullback of enforcement actions against crypto exchanges. The size of this crypto treasury deal is unusually large, because it exceeded the total market cap of CRO tokens, which stood at $5.2 billion Monday. CRO token surged 49% today after the announcement. Trump Media & Technology stock jumped 5%, while Yorkville Acquisition Corp. stock fell 2.4%.
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fortune.com

Trump media firm raises $6.4 billion to invest in Crypto.com’s digital token, deal includes purchase of Trump stock

The value of the Cronos token soared on news of the deal, which includes a $5 billion credit line and $200 million in cash.

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