West Palm Beach, FL – Yorkville Acquisition Corp. (Nasdaq: YORK), Trump Media & Technology Group (DJT), and Crypto.com have formally sealed a business combination that will birth Trump Media Group CRO Strategy, Inc. The newly formed entity is expressly designed as a specialty digital asset treasury dedicated to accruing and overseeing Cronos (CRO), the native token of the Cronos blockchain.
This partnership will form the largest public CRO treasury ever, underpinned by a sizable funding suite worth roughly $6.42 billion. The structure features a one-billion-dollar commitment of CRO tokens, $200 million of upfront cash, $220 million from the exercise of mandatory warrants, and a $5 billion equity line of credit supplied by YA II PN, Ltd., an affiliate of Yorkville. This fund constitutes roughly 19% of CRO’s current market capitalization and establishes the company as a vanguard in digital-asset–based treasury management.
The business combination implies a long-term commitment from the founding partners, each of whom is contributing resources and infrastructure to boost operational efficiency and leverage asset productivity. The agreed terms likewise mandate that founding shareholdings as well as the issued warrants remain locked up for a minimum of one year. Following the lock-up’s expiration, a subsequent three-year phased-release framework will be instituted to foster stability and remain in alignment with the firm’s long-term treasury objectives.
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