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Trump Media to Airdrop Crypto Tokens to Shareholders in February
Yahoo Finance· 2026-01-20 20:25
Core Viewpoint - Trump Media and Technology Group is planning to distribute new digital tokens to shareholders, with a record date set for February 2, indicating a strategic move to integrate cryptocurrency into its business model [1][4]. Group 1: Token Distribution Details - The tokens will not represent ownership in Truth Social or any other company, and they are not expected to be transferable or exchangeable for cash [2]. - Shareholders must own at least one full share to be eligible for the token distribution, and they are advised to check their brokerage status to avoid delays [3]. Group 2: Purpose and Integration of Tokens - The company has not disclosed specific details about the purpose of the tokens, but it aims to integrate cryptocurrency across its businesses, including fintech brand Truth.Fi and prediction market Truth Predict [4]. - The tokens will be minted in partnership with Crypto.com, utilizing the Cronos blockchain, and may offer discounts on Trump Media products [5][6]. Group 3: Regulatory Compliance and Lobbying - Trump Media's CEO stated that the use of Crypto.com's blockchain complies with SEC regulations, following the closure of an investigation into Crypto.com by the SEC [7]. - Crypto.com's parent company, Foris DAX, has engaged in significant lobbying efforts, spending $2.8 million last year, and has made political donations supporting Trump's re-election campaign [7].
Trump Media surges 45% on $6B merger with Google-backed firm
Yahoo Finance· 2025-12-18 21:25
Core Insights - Trump Media and Technology Group (TMTG) has entered into a definitive merger agreement with TAE Technologies, a fusion power company, valued at over $6 billion, expected to close in mid-2026 [3][5]. - TMTG holds 11,542 Bitcoin (BTC), valued at more than $1 billion, making it the 11th largest corporate holder of Bitcoin [1][2]. - Following the merger announcement, TMTG's stock surged by as much as 45%, reaching an intraday high of $15.20 before closing at $14.86 [5]. Company Overview - TMTG is the parent company of Truth Social, Truth+, and Truth.Fi, and is majorly owned by U.S. President Donald Trump [1]. - The company has partnered with Crypto.com to explore exchange-traded funds (ETFs) linked to cryptocurrencies and a proposed prediction market [2]. Financial Highlights - TAE Technologies has raised over $1.3 billion in private capital from notable investors including Google, Goldman Sachs, and Charles R. Schwab [4]. - The merger is anticipated to facilitate the construction of the first utility-scale fusion power plant by 2026, aimed at enhancing U.S. competitiveness in the global AI landscape [3][5]. Market Reaction - TMTG's stock was trading at $16.28 at the time of reporting, reflecting a significant increase following the merger announcement [6].
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]