According to Criptonoticias, Trump Media and Technology Group and Crypto.com are advancing a joint venture to create a CRO-based treasury, expected to be listed on the stock market. The new entity, Trump Media Group CRO Strategy, Inc., will be formed through a business combination with Yorkville Acquisition Corp. (SPAC), expected in Q1 2026. The treasury aims to hold over $600 million in CRO, the native token of Crypto.com. Steve Gutterman and Sim Salzman will serve as CEO and CFO, respectively, once the merger is finalized. The deal includes 6.3 billion CRO, $200 million in cash, $220 million in warrants, and a $5 billion credit line. The treasury was initially announced in August and will integrate a rewards system on Truth Social and Truth+ using Crypto.com's wallet and CRO as the utility token.
Trump Media and Crypto.com to Launch $600M CRO Treasury via SPAC Merger in Q1 2026
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