Overview

• Trump Media, Crypto.com and Yorkville signed a definitive agreement to create Trump Media Group CRO Strategy, Inc. via a merger with Yorkville Acquisition Corp., with the combined company expected to trade on Nasdaq as MCGA pending regulatory approvals.
• The launch package includes about $1 billion in CRO (roughly 6.3 billion tokens, near 19% of circulation), $200 million in cash, $220 million in warrants and access to a $5 billion equity line from YA II PN, Ltd.
• The entity plans to operate a Cronos validator and stake its holdings, reinvesting rewards to grow its reserve and participate in network security and governance.
• Related moves include Trump Media buying about $105 million of CRO, Crypto.com purchasing $50 million of Trump Media stock, and Truth Social preparing CRO-based rewards and subscription payments.
• CRO rose roughly 25% following the announcement, and all founding partners committed to a one-year lock-up followed by a three-year release schedule.