Trump Media and Technology Group (DJT) Said it agreed to form a joint venture with crypto.com that will invest in the exchange’s cro -token as a state -box asset (SPAC).
As part of the deal, Trump Media will buy approx. $ 105 million Cro, approx. 2% of token’s total market capital, while Crypto.com will buy $ 50 million in Trump media stock. CRO rose after the message and took its 24-hour gain to 25%, according to Coindesk data. It was recently 22% higher at 19.60 cents. DJT shares rose 3.5% to $ 17.82.
The venture is called Trump Media Group CRO Strategy Inc. and plans to merge with Yorkville Acquisition Corp (York). It will act under the ticker MCGA, which stands for “Make Cro big again,” said Crypto.com CEO KRIS MARSZALEK at X. The company will become the world’s largest proprietor of CRO with about 6.3 billion tokens, appreciated at approx. $ 1 billion at the time of message.
The move comes as listed companies all over the world jump into crypto and buy assets including Bitcoin and ether (Eth) As core investments and recovery of themselves as crypto-state-box companies, even when their daily operations are still dependent on industries that are as different as e.g. Pharmaceutical drugs, software development and online casino games.
The trend was started in 2020 of the strategy (Mstr)Now, $ 69 billion owns worth of BTC. More than 3.6 million BTC worth $ 396 billion is held in treasuries over 174 public companies and 60 private companies, according to BitCintreasuries.net.
More companies also buy altcoins where billions of dollars are used to acquire tokens like Solana and ether eth).
Marszalek described the initiative as “A Historic Day for Cro”, pointing to a first $ 200 million in cash earmarked for additional token purchases, plus additional obligations that could bring the total available funds to around $ 420 million along with a $ 5 billion credit line.
“This gives a differentiated opportunity for investors in digital asset contact,” he said, adding that Trump Media Group Cro strategy is to maximize what he called a “flywheel effect”, which involves raising funds to acquire more CRO.
The deal includes creating a new reward system that allows users to convert the platform “pearls” to Cro -Tokens, with additional plans to enable subscription payments and set up services using CRO.
Trump Media said it will be custody and stabbed his cro -holdings with crypto.com for additional revenue.
– a historic day for $ Cro. Trump Media Group CRO strategy announced a $ 6,42B US Dollar Treasury Play. See the press release for more info on the proposed business combination and important info on $ YorkAt $ Yorkw and $ Yorku. Here’s what you need to know:
– a final … pic.twitter.com/kgmc1gevhn– Kris | Crypto.com (@kris) August 26, 2025
Despite a wider market sale over the past week, CRO priested well up to the news released and rose to 16 cents from 14 cents. Trade volume rose by 700% in the last 24 hours to $ 310 million, according to CoinMarketcap.
Update (August 26, 14:10 UTC): Adds joint venture company in the first paragraph, background on crypto -state -box companies starting in the fourth and cro -prize leading up to the message.
Update (26 August 15:45 UTC): Changes the main photo.
