The native token of the Cronos blockchain, CRO, is up nearly 25% on Aug. 26 after Trump Media & Technology Group (DJT), Yorkville Acquisition Corp. (YORK), and Crypto.com unveiled the plan to create a joint digital asset treasury with $1 billion in CRO holdings.

Cronos, powered by the CRO token, is evolving into a low-cost, interoperable blockchain driving payments, tokenization, and smart contracts.

Cronos (CRO) rose to $0.1945, its highest level in months. Daily trading volumes rose more than 940% to $467.29 million.

Trump Media (DJT) also went up, increasing 4.1% to $17.93 by mid-morning on hopes that it would expand into crypto finance. However, the stock is still much behind its 52-week high of $54.68.

Yorkville Acquisition (YORK), on the other hand, rose in pre-market hours before falling 2.6% to $10.79, even though it was a sponsor of the acquisition.

According to the deal, the three firms will combine to form a new joint venture called Trump Media Group CRO Strategy, Inc., which will manage the CRO treasury alongside $420 million in cash and $5 billion in a credit line.

The entity will be majority-owned by Yorkville, Trump Media, and Crypto.com, and plans to trade under the Nasdaq ticker MCGA after closing.

This story was originally reported by TheStreet on Aug 26, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.