Trump Media, Yorkville, and Crypto.com Launch $6.4B CRO Treasury

Trump Media, Yorkville Acquisition, and Crypto.com unveiled a landmark $6.42 billion plan to create the first publicly traded treasury dedicated to Cronos (CRO).

In a move that could reshape the digital asset landscape, Trump Media & Technology Group, Yorkville Acquisition Corp., and Crypto.com have joined forces to establish Trump Media Group CRO Strategy, Inc., a treasury vehicle focused exclusively on acquiring and holding Cronos’s native cryptocurrency token, CRO. The business combination, announced on August 26, is set to position the entity as the largest CRO-focused treasury company ever formed.

A $6.42 Billion Digital Asset Treasury

The new entity will be majority-owned by Yorkville Acquisition Sponsor LLC, Trump Media, and Crypto.com. The treasury is expected to launch with a substantial war chest:

$1 billion worth of CRO tokens (6.3 billion CRO), representing about 19% of the asset’s total market capitalization.
$200 million in cash to provide liquidity.
$220 million in warrants for additional capital flexibility.
A $5 billion equity line of credit from Yorkville affiliate YA II PN, Ltd.

This structure makes the venture the largest publicly traded CRO treasury to date. Yorkville Acquisition Corp. also announced that its Class A ordinary shares will trade on Nasdaq under the ticker “MCGA” following the transaction’s close.

Why Cronos Matters

Cronos is the blockchain backbone of Crypto.com, offering scalability, interoperability, and support for decentralized finance (DeFi), multi-asset marketplaces, and real-world asset tokenization. The project has steadily positioned itself as a leading infrastructure layer for the next generation of digital finance.

By concentrating on a CRO acquisition and staking strategy, Trump Media Group CRO Strategy, Inc. aims to capitalize on the network’s growth. Staking will not only generate ongoing rewards but also allow the entity to run a validator node, directly contributing to Cronos’s governance and security.

Strategic Lock-Up to Signal Commitment

In a show of long-term commitment, Yorkville, Trump Media, and Crypto.com have agreed to a mandatory one-year lock-up on their founding shareholdings, including warrants. After this initial year, shares will follow a restrictive three-year release schedule.

Devin Nunes, chairman and CEO of Trump Media & Technology Group, framed the partnership as a bet on the future of cryptocurrency:

“We continue to be bullish on cryptocurrency, and we are excited to be partnering with a leading global cryptocurrency platform and namesake of its industry in Crypto.com and one of the most sophisticated investor groups in Yorkville for this strategic initiative.”

Kris Marszalek, Co-Founder and CEO of Crypto.com, highlighted the unprecedented scale of the project:

“The sheer size and structure of this project will encompass more than the entire current market capitalization of CRO, with the additional commitments of over $400 million in cash and a further $5 billion line of credit facility to acquire additional CRO. This, combined with share lock-ups by each party and the treasury’s validator strategy, make it a unique and compelling offering compared to all other digital asset treasuries.”

Validator Strategy: Beyond Holding CRO

The decision to run a validator node is a key differentiator for the new treasury. By validating transactions and participating in governance, the entity strengthens the Cronos ecosystem while reinvesting staking rewards to expand its holdings. This active role ensures that the company is more than just a CRO whale—it becomes a core contributor to Cronos’s long-term sustainability.

A Turning Point for Digital Asset Treasuries

This deal marks a major shift in how institutions approach digital asset treasuries. Instead of passively holding crypto, Trump Media Group CRO Strategy, Inc. combines large-scale accumulation with active participation in blockchain governance.

The market response was immediate — CRO surged more than 35% after the announcement, reflecting investor confidence in both the scale of the treasury and Cronos’s long-term potential.

With billions committed and strict share lock-ups in place, Yorkville, Trump Media, and Crypto.com are signaling a long-term bet on CRO. For the wider market, this move could mark the beginning of an era where blockchain-native treasuries become central to mainstream finance.