Trump Media Launches $6.42B CRO Treasury, Becomes First Publicly Traded Crypto Company

Yorkville Acquisition Corp., a Nasdaq-listed company, has partnered with Crypto.com to establish a $6.24 billion CRO treasury for Trump Media & Technology Group Corp. This partnership will see the trio use this treasury to acquire Cronos’ native token (CRO), representing nearly 19% of its total supply. The move marks a significant step towards establishing an entirely new model in cryptocurrency investment, as Trump Media becomes the first publicly traded company to launch such a treasury. The treasury will be backed by capital from Yorkville Acquisition Corp., and YA II PN, Ltd. which has also secured a $5 billion equity line of credit.