Trump Media & Know-how Group and Crypto.com are asserting plans to launch a publicly traded Cronos through a enterprise mixture with Yorkville Acquisition Corp.
The reported merger will create Trump Media Group CRO Technique, Inc., with Steve Gutterman stepping in as CEO and Sim Salzman as CFO as soon as the deal closes in early 2026.
Abstract
- Trump Media and Crypto.com plan to launch a publicly traded Cronos through a merger with Yorkville Acquisition, making a treasury exceeding $6 billion.
- Regardless of CRO’s worth decline, the companies purpose for long-term development, staking rewards, and integration into Fact Social and Fact+ applications.
- Allegations in a latest report counsel Trump-branded crypto ventures benefited politically related traders, sparking questions on regulatory favoritism.
The proposed treasury is nothing if not formidable:
- Over $6 billion in property, together with 6.3 billion CRO tokens
- $200 million in money
- $220 million in warrants, and
- A $5 billion fairness line of credit score.
The announcement comes amid the latest tumble in CRO’s worth, which shaved the token’s market cap from roughly $1 billion at announcement to about $636 million. 12 months thus far, CRO is down over 47%. See beneath.
Regardless of the dip, the companies are framing this as a long-term wager on Cronos development. Plans embody working a Cronos validator node concentrating on about 6% APY, producing regular staking rewards, and Trump Media pledging to purchase $105 million in CRO whereas integrating the token into Fact Social and Fact+ reward applications. Based on a joint assertion reported by Decrypt, CRO shall be “the spine of a rising blockchain ecosystem,” powering each utility (transactions, charges, governance) and yield technology (staking rewards).
This newest transfer continues the Trump household’s foray into crypto. A latest 78-page report titled “Trump, Crypto, and a New Age of Corruption” alleges that overseas governments, state-linked traders, and politically aligned companies funneled cash into Trump-branded crypto ventures, together with the $TRUMP memecoin. In return, donors allegedly benefited from regulatory rollbacks and quietly shelved federal investigations into main crypto companies like Crypto.com, in addition to Coinbase, Gemini and Ripple.
