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Sep 16, 2025 8:00 AM

Trump Media's CRO Strategy SPAC Deal Could Redefine Digital Asset Treasuries

Trump Media & Technology Group (NASDAQ:DJT), Yorkville Acquisition Corp. (NASDAQ:YORK), and Crypto.com have announced plans to create Trump Media Group CRO Strategy, Inc., a new company structured as a digital asset treasury. The deal, structured as a SPAC business combination, could make the venture one of the largest single holders of Cronos (CRO) tokens on the market.

Deal Structure

The proposed entity will be funded with $1 billion in CRO tokens (over 6.3 billion CRO, representing roughly 19% of the token's market cap at announcement).

Additional funding includes $200 million in cash, $220 million from warrant exercises, and access to a $5 billion equity line of credit from Yorkville affiliate YA II PN, Ltd.

Post-merger, the combined company intends to list on Nasdaq under ...