Trump Media Unveils $6.4 Billion CRO Treasury: Entering the Crypto Space

Donald Trump’s media company, Truth Social’s parent company, has officially entered the cryptocurrency market with a substantial new initiative. On Tuesday, Trump Media and Technology Group announced a partnership with Crypto.com and Yorkville Acquisition to establish a dedicated digital asset treasury for Cronos (CRO). This new entity, dubbed Trump Media Group CRO Strategy, aims to acquire at least $6.42 billion worth of CRO tokens, potentially establishing itself as the first publicly traded CRO treasury company.