Trump Media and Crypto.com Combine for Cronos IPO, Launching $6 Billion Treasury

Trump Media & Technology Group and Crypto.com are joining forces with Yorkville Acquisition Corp., merging their businesses to launch a publicly traded Cronos company. The deal, expected to close in early 2026, will create Trump Media Group CRO Strategy, Inc., led by Steve Gutterman as CEO and Sim Salzman as CFO. This venture promises over $6 billion in assets, including 6.3 billion CRO tokens, and a robust treasury with cash reserves exceeding $200 million, warrants worth $220 million, and a $5 billion equity line of credit.