Trump Media And Crypto.com Form CRO Treasury Company In $105 Million Token Deal
Posted On August 26, 2025
Trump Media & Technology Group Corp. (NASDAQ:DJT) has struck a deal with Crypto.com and Yorkville Acquisition Corp. to establish a cryptocurrency treasury company centered on holding Cronos (CRYPTO: CRO) tokens, according to an SEC filing on Tuesday.
What Happened: Under the agreement, Crypto.com will transfer 684.4 million CRO tokens, valued at roughly $105 million, to Trump Media in exchange for 2.8 million Trump Media shares and $50 million in cash, Bloomberg reported.
All shares held by Trump Media, Crypto.com, and Yorkville will face a mandatory one-year lock-up period …
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