0
0
Generated News

Trump Media Goes All-In on Crypto.com Partnership

Trump Media is putting the CRO token at the center of its Truth Social ecosystem and will create a treasury company for the token.
0
0
Aug 26, 20251 min read

Trump Media and Technology Group has inked a major strategic deal with Crypto.com to integrate the exchange’s wallet infrastructure and adopt CRO as a utility token for Truth Social.

What’s the Scoop?

  • Dual Investment Deal: Trump Media will buy $105M worth of CRO (~2% of supply), while Crypto.com will acquire $50M in DJT shares.
  • New CRO Treasury Vehicle: Trump Media Group CRO Strategy Inc. will merge with SPAC Yorkville Acquisition Corp. to list under the ticker MCGA, aiming to become the world’s largest CRO holder with ~6.3B tokens.
  • CRO Utility in Truth Social: CRO will be used for subscriptions and rewards, enabling users to convert in-app “gems” into tokens.
  • Treasury Strategy: Trump Media plans to custody and stake its CRO with Crypto.com, earning revenue from the holdings.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.