27th August 2025 – (New York) Yorkville Acquisition Corp. (Nasdaq: YORK), Trump Media & Technology Group (Nasdaq/NYSE Texas: DJT), and Crypto.com have finalised a merger agreement to form Trump Media Group CRO Strategy, Inc., a digital asset treasury dedicated to the Cronos ecosystem’s CRO token.
The deal, structured as a SPAC business combination, will create the largest public CRO treasury, holding $1 billion in CRO (6.3 billion tokens, or 19% of the token’s supply), alongside $200 million in cash and $220 million from exercised warrants. Additional liquidity is supported by a $5 billion equity line of credit provided by Yorkville affiliate YA II PN, Ltd.
“We remain optimistic about cryptocurrency and are thrilled to collaborate with Crypto.com, a global leader in the space, and Yorkville, one of the most sophisticated investor groups, for this strategic initiative,” said Devin Nunes, Chairman and CEO of Trump Media & Technology Group.
Once the merger is completed, the new company’s shares will trade on Nasdaq under the ticker symbol “MCGA.” Founding partners Yorkville, Trump Media, and Crypto.com have agreed to a one-year lock-up on their shares, followed by a phased release over three years.
Kris Marszalek, Co-Founder and CEO of Crypto.com, described the project as unparalleled in scale and design. “The size and structure of this initiative surpass the entire current market capitalisation of CRO. Alongside share lock-ups and the treasury’s validator strategy, it stands out as a unique and compelling digital asset treasury,” he said.
The new entity plans to allocate nearly all reserves to CRO, operate a validator node on the Cronos blockchain, and reinvest staking rewards to grow its holdings. This approach marks a shift toward ecosystem-aligned treasuries, focusing on long-term yield rather than traditional cash management.
