In a high-stakes move blending Wall Street, Silicon Valley, and the crypto frontier, Trump Media & Technology Group Corp., Crypto.com, and Yorkville Acquisition Corp. unveiled a sweeping $6.42 billion plan Tuesday to form a powerhouse digital asset treasury. The new entity, dubbed Trump Media CRO Strategy Inc., is set to reshape the crypto investment landscape with eye-popping funding commitments.
A $6.42 Billion Digital Asset Bet
The venture will be fueled by $1 billion in cronos tokens, $200 million in cash, $220 million in mandatory exercise warrants, and a staggering $5 billion equity line of credit provided by a Yorkville affiliate, according to Tuesday’s announcement. Once finalized, Yorkville, Trump Media—the operator of Truth Social—and Crypto.com will retain majority ownership as founding partners.
Nunes: “We’re Bullish on Crypto”
Trump Media CEO Devin Nunes hailed the deal as a forward-looking leap into a digital future.
“Financial markets are becoming increasingly digital every day,” Nunes said. “We continue to be bullish on cryptocurrency, and we are excited to be partnering with Crypto.com and Yorkville in this strategic initiative.”
The entity’s mission is clear: to build a massive digital asset treasury anchored in cronos, a blockchain known for high-speed smart contracts, interoperability, and low-cost integration with other major chains.
