A Treasury Bigger Than Cronos Itself
The scale of the project dwarfs cronos’ current market cap.
“The sheer size and structure of this project will encompass more than the entire current market capitalization of cronos,” said Crypto.com CEO Kris Marszalek, underscoring that the deal includes over $400 million in cash and a $5 billion credit facility to scoop up additional cronos.
Nasdaq Ambitions
Yorkville Acquisition Corp. plans to list shares on Nasdaq under the ticker MCGA, with a planned transition to Trump Media CRO Strategy once the deal closes.
Parallel Partnership: Truth Social Rewards
In a separate but related announcement, Trump Media revealed a strategic partnership with Crypto.com to power a new rewards system across Truth Social and Truth+. Users will access rewards through Crypto.com’s digital wallet infrastructure, tightening the company’s foothold in the digital economy.
Broader Context: Corporate Crypto Treasuries Rise
The deal mirrors a broader wave of corporations diversifying their treasuries with digital assets amid an increasingly favorable U.S. regulatory climate. Just months ago, ReserveOne, a crypto asset management firm, announced a SPAC merger with M3-Brigade Acquisition V Corp. in a deal projected to raise over $1 billion.
