Trump Media & Technology Group (Nasdaq: DJT), along with Yorkville Acquisition Corp. (Nasdaq: YORK) and Crypto.com, is forming Trump Media Group CRO Strategy, a digital asset treasury company focused on acquiring $6.42 billion worth of CRO, the native token of the Cronos blockchain.

The transaction includes 6.3 billion CRO tokens worth $1 billion, $420 million in cash, and a $5 billion credit line, making it the first and largest public CRO treasury to date.

With a market cap of $6.6 billion, CRO is the world's 23rd largest cryptocurrency.

The venture will also run its own Cronos validator, earning staking rewards to grow its holdings. Yorkville Acquisition Corp. shares will trade under the ticker \\"MCGA\\" following the SPAC merger.

All the parties have agreed to a mandatory one-year initial lock-up period on their founding shareholdings, followed by an additional 3-year restrictive release schedule.

Devin Nunes, chairman and CEO of Trump Media, said, “We continue to be bullish on cryptocurrency… we are excited to be partnering with a leading global cryptocurrency platform.”

“The sheer size and structure of this project will encompass more than the entire current market capitalization of CRO,” Crypto.com co-founder and CEO added.

Following the latest announcement, the DJT stock jumped 7.5% in pre-market hours to trade at $18.51.

Similarly, the YORK stock rose 5% to $11.20.

CRO, the cryptocurrency the treasury company will target, also surged more than 20% following the news and hit as high as $0.1996. However, it is still 80% lower than the record high price of $0.9698 it hit on Nov. 24, 2021.

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.