Trump Media Joins Crypto.com to Build $6.4B CRO Treasury
- Trump Media, Crypto.com, and Yorkville Acquisition announced Trump Media Group CRO Strategy, aiming to create the world’s first and largest publicly traded CRO treasury with $6.42B in assets.
- The plan includes $1B in CRO tokens, $420M in cash/warrants, and a $5B credit line, with staking via a validator node to generate yield and reinforce Cronos network security.
- While the move signals deep institutional backing, critics highlight Crypto.com’s governance issues and alleged CRO supply manipulation, raising concerns over transparency.
Trump Media and Technology Group — the parent of Donald Trump’s Truth Social — is taking a big leap into crypto. In a Tuesday announcement, the company said it struck a deal with Crypto.com and Yorkville Acquisition to form a new digital asset treasury company built entirely around Cronos (CRO).
The new entity, called Trump Media Group CRO Strategy, plans to scoop up at least $6.42 billion worth of CRO, making it not just the first but potentially the largest publicly traded CRO treasury company ever.
The $6.42 Billion Game Plan
According to the press release, the strategy is bold: seed the treasury with $1B in CRO tokens, throw in $420M in cash and warrants, and back it all with a whopping $5B credit line from Yorkville. Combined, that’s enough firepower to dwarf most existing token treasuries on the market.
If it works as intended, the CRO Strategy firm could end up boasting the highest digital asset treasury-to-market cap ratio ever recorded. Yorkville also plans to list its Class A shares on Nasdaq under the ticker MCGA (yes, as in Trump’s campaign slogan).
Validator Node, Staking Rewards & Yield
The project won’t just sit on tokens, either. Trump Media Group CRO Strategy said it will put its reserves to work through staking. Plans are already underway to set up a validator node on the Cronos proof-of-stake blockchain, allowing the company to earn rewards while directly participating in governance.
“The validator will be managed by a crypto-native team with deep Cronos expertise,” the company said, aiming to maximize returns while attracting delegation from outside CRO holders. Essentially, they’re ditching “non-productive” reserves and going all-in on yield.
Why Cronos?
Cronos, launched in late 2021 by Crypto.com, was built as a hub for DeFi, NFTs, and metaverse projects with cross-chain interoperability. It’s been marketed as a cheaper, faster alternative to Ethereum — though not without controversy.
Crypto.com itself has come under fire for governance issues, including a scrapped plan to burn 70B CRO tokens back in 2021. Critics, like onchain sleuth ZachXBT, accuse the exchange of having too much control over CRO’s supply and voting power — estimates suggest up to 80%. He went further on X this week, saying the token is “no different from a scam” and hinting at a major security incident the exchange allegedly covered up.
Even so, Trump’s team has leaned into the partnership. Crypto.com was one of only 20 firms invited to the first White House Crypto Summit earlier this year. And Trump Media is already exploring Made in America ETFs tied to digital assets alongside Crypto.com.
What This Means
Love him or hate him, Trump is once again putting his brand smack in the middle of crypto headlines. If the CRO treasury plan plays out, it could cement both Trump Media and Crypto.com as unusual but powerful players in the digital asset world. Still, with questions swirling about governance, token manipulation, and political optics, this move is bound to draw as much skepticism as hype.
The post Trump Media Joins Crypto.com to Build $6.4B CRO Treasury first appeared on BlockNews.
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Trump Media Joins Crypto.com to Build $6.4B CRO Treasury
- Trump Media, Crypto.com, and Yorkville Acquisition announced Trump Media Group CRO Strategy, aiming to create the world’s first and largest publicly traded CRO treasury with $6.42B in assets.
- The plan includes $1B in CRO tokens, $420M in cash/warrants, and a $5B credit line, with staking via a validator node to generate yield and reinforce Cronos network security.
- While the move signals deep institutional backing, critics highlight Crypto.com’s governance issues and alleged CRO supply manipulation, raising concerns over transparency.
Trump Media and Technology Group — the parent of Donald Trump’s Truth Social — is taking a big leap into crypto. In a Tuesday announcement, the company said it struck a deal with Crypto.com and Yorkville Acquisition to form a new digital asset treasury company built entirely around Cronos (CRO).
The new entity, called Trump Media Group CRO Strategy, plans to scoop up at least $6.42 billion worth of CRO, making it not just the first but potentially the largest publicly traded CRO treasury company ever.
The $6.42 Billion Game Plan
According to the press release, the strategy is bold: seed the treasury with $1B in CRO tokens, throw in $420M in cash and warrants, and back it all with a whopping $5B credit line from Yorkville. Combined, that’s enough firepower to dwarf most existing token treasuries on the market.
If it works as intended, the CRO Strategy firm could end up boasting the highest digital asset treasury-to-market cap ratio ever recorded. Yorkville also plans to list its Class A shares on Nasdaq under the ticker MCGA (yes, as in Trump’s campaign slogan).
Validator Node, Staking Rewards & Yield
The project won’t just sit on tokens, either. Trump Media Group CRO Strategy said it will put its reserves to work through staking. Plans are already underway to set up a validator node on the Cronos proof-of-stake blockchain, allowing the company to earn rewards while directly participating in governance.
“The validator will be managed by a crypto-native team with deep Cronos expertise,” the company said, aiming to maximize returns while attracting delegation from outside CRO holders. Essentially, they’re ditching “non-productive” reserves and going all-in on yield.
Why Cronos?
Cronos, launched in late 2021 by Crypto.com, was built as a hub for DeFi, NFTs, and metaverse projects with cross-chain interoperability. It’s been marketed as a cheaper, faster alternative to Ethereum — though not without controversy.
Crypto.com itself has come under fire for governance issues, including a scrapped plan to burn 70B CRO tokens back in 2021. Critics, like onchain sleuth ZachXBT, accuse the exchange of having too much control over CRO’s supply and voting power — estimates suggest up to 80%. He went further on X this week, saying the token is “no different from a scam” and hinting at a major security incident the exchange allegedly covered up.
Even so, Trump’s team has leaned into the partnership. Crypto.com was one of only 20 firms invited to the first White House Crypto Summit earlier this year. And Trump Media is already exploring Made in America ETFs tied to digital assets alongside Crypto.com.
What This Means
Love him or hate him, Trump is once again putting his brand smack in the middle of crypto headlines. If the CRO treasury plan plays out, it could cement both Trump Media and Crypto.com as unusual but powerful players in the digital asset world. Still, with questions swirling about governance, token manipulation, and political optics, this move is bound to draw as much skepticism as hype.
The post Trump Media Joins Crypto.com to Build $6.4B CRO Treasury first appeared on BlockNews.
Read More