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X @Decrypt
Decrypt· 2025-12-01 18:55
Trump Media and https://t.co/hglQp7AMzv have teamed up to launch a publicly traded Cronos (CRO) treasury—and they're gearing up for the potential debut. https://t.co/pODkwQpmxR ...
Yorkville SPAC Files S-4, Taps New CEO/CFO for Trump Media Group CRO Strategy
Yahoo Finance· 2025-12-01 18:47
Yorkville Acquisition Corp. has filed a confidential Form S-4 with the U.S. Securities and Exchange Commission, marking a major step toward completing its proposed business combination with affiliates of Trump Media & Technology Group and Crypto(.)com. The filing comes as the SPAC appoints two public-company veterans, Steve Gutterman as chief executive officer and Sim Salzman as chief financial officer, ahead of the launch of a new digital-asset treasury company focused on the Cronos (CRO) ecosystem. Yor ...
Trump Media and Crypto.com's $6 Billion Cronos Treasury Inches Closer to Public Debut
Yahoo Finance· 2025-12-01 16:53
Trump Media and Technology Group and Crypto.com are one step closer to a business combination that will mark them as affiliates in a publicly traded Cronos (CRO) treasury—one that has ambitions of holding over $6 billion worth of the cryptocurrency. Yorkville Acquisition Corp., now trading on the Nasdaq as MCGA, confidentially filed an S-4 with the SEC to establish Trump Media Group CRO Strategy, Inc. via a business combination, it announced on Monday.  The firm also appointed two key executives, Steve Gutt ...
Trump Media Reports Third Quarter 2025 Results
Globenewswire· 2025-11-07 14:00
Core Insights - Trump Media and Technology Group Corp. reported financial assets of $3.1 billion as of September 30, 2025, reflecting strong strategic momentum and expansion across its platforms [2][11] - The company achieved its second consecutive quarter of positive operating cash flow, totaling $10.1 million for the third quarter [4][11] - Trump Media is actively pursuing a mergers and acquisitions strategy, leveraging its financial strength and unique market position [11] Financial Performance - The company generated $15.3 million in realized income from bitcoin-related securities and $13.4 million in interest income from other financial holdings, totaling $61.1 million in combined realized income year-to-date [3] - Despite the positive cash flow, Trump Media reported a net loss of $54.8 million in the third quarter, primarily due to non-cash losses and elevated legal expenses of $20.3 million related to its SPAC merger [11] Strategic Partnerships and Expansion - Trump Media formed a strategic partnership with Crypto.com to invest in Cronos (CRO), positioning itself as an early adopter and investor in this blockchain asset [5][7] - The company integrated CRO into its Truth Social and Truth+ platforms as part of a rewards system and purchased approximately 684.4 million CRO for its balance sheet [6][7] - Trump Media is enhancing its flagship products, Truth Social and Truth+, by introducing new features and capabilities, including a unique content delivery network and embedded prediction markets [8][10] Product Development - The company is on track to launch Truth.Fi, a financial services brand, in 2025, targeting non-woke, America-First investors with various investment vehicles [10][13] - Truth Social and Truth+ have undergone significant upgrades, including the addition of new content and features aimed at enhancing user experience and engagement [8][12]
Trump Media Taps Crypto.com to Launch Prediction Markets on Truth Social
Yahoo Finance· 2025-10-28 13:13
Core Insights - Trump Media & Technology Group plans to launch prediction markets on its social platform Truth Social through a partnership with Crypto.com's U.S.-registered derivatives arm [1][2] - The new feature, Truth Predict, will allow users to bet on real-world events, marking a significant expansion into financial products for the company [2][3] - The company reported over $3 billion in financial assets and achieved its first quarter of positive cash flow since going public [4] Group 1 - Truth Predict will enable users to place bets on various outcomes, including U.S. elections and sports games, using a federally compliant exchange [2] - The integration of prediction markets positions Truth Social as the first social media platform to offer such features natively [3] - The beta test for Truth Predict is expected to launch soon, with in-app token rewards convertible to Crypto.com's Cronos (CRO) token [5] Group 2 - The product will initially launch in the U.S., with plans for international expansion pending regulatory approvals [6] - Trump Media is also exploring broader digital asset initiatives, including a treasury product linked to CRO through a pending SPAC merger [6] - The move places Trump Media in competition with established prediction market platforms like Polymarket and Kalshi, which have received significant financial backing [6]
Truth Social to Become World’s First Social Media Platform Offering Prediction Markets via Exclusive Partnership with Crypto.com
Globenewswire· 2025-10-28 12:30
Core Insights - Trump Media and Technology Group Corp. is expanding its offerings by integrating prediction markets into its social media platform, Truth Social, through a partnership with Crypto.com | Derivatives North America [1][4] - The new feature, "Truth Predict," will allow users to trade prediction contracts on various events, including political elections and commodity prices, with real-time price updates [2][3] Company Overview - Trump Media operates Truth Social, a platform aimed at providing a space for free expression, alongside Truth+, a streaming service, and Truth.Fi, a FinTech brand [16] - As of the end of Q2, Trump Media reported over $3 billion in financial assets and achieved its first quarter of positive operating cash flow since going public [3] Industry Context - Prediction markets are anticipated to become a multi-deca-billion dollar industry, with the integration of these markets into social media platforms seen as a significant innovation [4] - The collaboration between Trump Media and Crypto.com aims to democratize access to prediction markets, allowing users to engage in market sentiment discussions [4][6]
X @BSCN
BSCN· 2025-09-05 16:31
Acquisition and Partnership - Trump Media acquires 68440 万个 Cronos (CRO) tokens,平均价格为每个 token 0.153 美元 [1] - 该交易以 50% 现金和 50% 股票交换的形式进行,约占 CRO 当前流通供应量的 2% [2] - Trump Media 与 Crypto[.]com 合作,为安全 staking 提供托管 [1] Strategic Importance - Trump Media 认为 CRO 具有“巨大的潜力,可以作为一种通用的实用代币和一种卓越的安全、快速支付和资金转移形式广泛传播” [2] - Crypto[.]com 指出,此次合作是“推动 CRO 和 Cronos 区块链的实用性和价值的众多步骤中的第一步”,强调了 staking 和托管在价值创造中的作用 [2] Integration and Expansion - CRO token 将通过 Crypto[.]com 的数字钱包基础设施构建的奖励系统集成到 Truth Social 和 Truth+ 平台中 [3] - Trump Media 成立 Trump Media Group CRO Strategy, Inc,专注于通过与 Yorkville Acquisition Corp 的 SPAC 合并来扩大其数字资产 treasury [3] Technology and Security - Cronos 区块链以其速度、可扩展性和互操作性而闻名,为金融、商业和公共基础设施中的去中心化应用提供了强大的基础 [4] - Crypto[.]com 将提供托管框架,以确保 token 的安全持有和有效部署 [5]
X @BSCN
BSCN· 2025-09-05 14:29
Acquisition and Partnership - Trump Media acquires 6844 million CRO tokens from Crypto[.]com at an average price of 153 cents per token [1] - The deal is structured as a 50% cash and 50% stock exchange, representing approximately 2% of CRO's current circulating supply [2] - Trump Media secures the assets under Crypto[.]com's institutional-grade custody solution for secure staking [1][2][5] Strategic Importance - Trump Media emphasizes CRO's potential as a versatile utility token for safe, fast payment and money transfer [2] - Crypto[.]com highlights the partnership as the first step to driving utility and value for CRO and the Cronos blockchain through staking and custody [2] Integration and Expansion - CRO token will be integrated into Truth Social and Truth+ platforms through a rewards system built on Crypto[.]com's digital wallet infrastructure [3] - Trump Media forms *Trump Media Group CRO Strategy, Inc.* to expand its digital asset treasury through a SPAC merger with Yorkville Acquisition Corp [3] Technology and Security - Cronos blockchain is known for its speed, scalability, and interoperability, providing a robust foundation for decentralized applications [4] - Cronos utilizes proof-of-authority consensus and enterprise-grade security for mainstream adoption [4]
Trump Media, Crypto.com Close Purchase Agreement
Globenewswire· 2025-09-05 12:30
Core Viewpoint - Trump Media has finalized a strategic partnership with Crypto.com, acquiring 684.4 million Cronos (CRO) tokens at approximately 15.3 cents per token, representing about 2% of the current circulating CRO supply [2][3] Company Overview - Trump Media operates the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, aiming to provide a safe harbor for free expression and family-friendly content [7] - Crypto.com, founded in 2016, is a leader in regulatory compliance and security in the cryptocurrency industry, with a vision of "Cryptocurrency in Every Wallet" [8] Strategic Partnership Details - The acquisition involves a 50% stock and 50% cash exchange, with the CRO tokens secured through Crypto.com's institutional-grade custody solution, allowing Trump Media to stake the tokens for additional revenue [2][3] - The partnership includes a mutual cooperation agreement to integrate the CRO token into the Truth Social and Truth+ platforms, creating a rewards system utilizing Crypto.com's digital wallet infrastructure [3] Business Combination - Trump Media Group CRO Strategy, Inc. has entered into a definitive agreement for a business combination with Yorkville Acquisition Corp, a SPAC, to form a digital asset treasury company focused on acquiring CRO [4]
X @Wendy O
Wendy O· 2025-08-26 18:00
Trump Media Teams Up With https://t.co/apLmNAcoco To Create World's Largest CRO TreasuryTrump Media & Technology Group, https://t.co/apLmNAcoco, and Yorkville Acquisition have entered a $6.42B agreement to launch Trump Media Group CRO Strategy, a crypto treasury company dedicated to acquiring Cronos (CRO) — the native token of the Cronos blockchain, which is developed by https://t.co/apLmNAcoco.The deal includes $1B worth of CRO, or 19% of the total supply, alongside $420M in cash and warrants, and a $5B eq ...