Trump Media Expands In Crypto With New Venture

Group 1 - Trump Media & Technology Group has partnered with Yorkville Acquisition Corp. and Crypto.com to launch a digital asset treasury company focused on the cryptocurrency CRO [1] - The deal involves Trump Media purchasing approximately $105 million in CRO, representing about 2% of the total CRO market cap at the time of the announcement [1] - Crypto.com will invest $50 million in common stock of Trump Media [1] Group 2 - The new venture marks a shift in President Trump's stance on cryptocurrency, moving from a previously critical view to a more supportive approach [4] - Trump Media plans to integrate the CRO token into its Truth Social and Truth+ platforms, allowing users to pay for subscriptions and services using their Crypto.com CRO balance [5] - Both Trump Media and Crypto.com will co-market the Truth+ platform and the Crypto.com wallet [5] Group 3 - Yorkville Acquisition Corp. is a special purpose acquisition vehicle (SPAC) that will acquire $1 billion worth of CRO tokens and change its stock market ticker to MCGA [3] - The total expected funding for the digital asset treasury will include $1 billion in CRO, $200 million in cash, $220 million in cash-in mandatory exercise warrants, and an additional $5 billion equity line of credit from a Yorkville affiliate [7] - Trump Media Group CRO Strategy will be majority-owned by Yorkville, Trump Media, and Crypto.com upon deal closure [6]