Based on ChainCatcher, SPAC Yorkville Acquisition has appointed Steve Gutterman, former Gryphon Digital Mining executive, as CEO and Sim Salzman as CFO. The company will merge with Trump Media (TMTG) and Crypto.com to form a digital asset vault company focused on accumulating and staking CRO, the native token of the Cronos blockchain. The merger is expected to be completed in Q1 2026 and will operate validator nodes on the Cronos network to stake CRO holdings and earn rewards. The deal, announced in September, involves an initial purchase of 684.4 million CRO tokens at $0.153 each, totaling nearly $105 million, split equally between stock and cash.
Former Gryphon Executive to Lead Trump Media and Crypto.com's Vault Company
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