Claim BonusTrump Media Group to Launch $6.4B ‘CRO Strategy’, Cronos Price Up 20%
Highlights
- CRO Strategy will buy up $1 billion CRO for its treasury, representing 19% of the token's supply.
- The company will hold up to $6.4 billion in its treasury.
- This will be the first and largest publicly traded Cronos treasury company.
- Cronos price is up almost 30%.
Trump Media Group has announced plans to launch CRO Strategy in partnership with crypto exchange Crypto.com. The company will be the first Cronos treasury company and will hold up to 19% of the token’s total supply. It will also boast up to $6.4 billion in its treasury, including cash.
Trump Media Group and Crypto.com Unveil CRO Strategy
In a press release, Trump Media Group announced that CRO Strategy will acquire $1 billion of CRO (6.3 billion tokens) for its treasury, representing 19% of the token’s total supply. This came as the president’s company announced that they have entered into a definitive agreement with the crypto exchange for a business combination to establish Trump Media Group CRO Strategy, Inc., with Nasdaq-listed Yorksville.
The company will trade under the ticker ‘MCGA’ (Make CRO Great Again). This will be a digital asset treasury company that will focus on acquiring the native token of the Cronos ecosystem, which the top crypto exchange has ties to.
At the close of the Business Combination, Trump Media Group, Yorkville, and Crypto.com will come together as the majority owners and founding partners of the treasury company. Meanwhile, the president’s company revealed that CRO Strategy’s treasury will also consist of $200 million in cash and $220 million in cash-in mandatory exercise warrants.
Furthermore, there will be an additional $5 billion equity line of credit from Yorkville’s affiliate, bringing the company’s treasury up to $6 billion, making it the first and largest traded CRO treasury company. The company could also be the largest digital asset treasury company by market cap ratio in history.
This announcement has provided a massive boost for the Cronos price, which is up today. TradingView data shows that the token is currently trading at around $0.1948, up over 26% in the last 24 hours.
Trump’s Company Announces Strategic Partnership With Crypto.com
In addition to the unveiling of the CRO Strategy, Trump Media announced in a separate release that it has signed a mutual cooperation agreement and purchase agreement creating a strategic partnership with Crypto.com.
Under the mutual cooperation agreement, Trump Media will integrate the CRO token on its Truth Social and Truth+ platforms. Furthermore, the company will partner with the crypto exchange to create an updated rewards system and allow users of this social media platform to use the exchange’s digital wallet infrastructure to convert rewards into CRO and other benefits.
Truth users will also be able to pay for subscriptions and services with their Crypto.com CRO balance and enjoy free or discounted subscriptions when they open an account with the crypto exchange.
Meanwhile, under the purchase agreement, Trump Media will purchase almost $105 million in CRO, which represents 2% of the token’s total market cap, for its balance sheet. On the other hand, Crypto.com will purchase $50 million in shares of common stock in Trump Media.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Galaxy Digital Raises $100M to Launch Crypto Hedge Fund
- Crypto Crash Deepens as Tom Lee Warns of “Painful Decline” in 2026 Before Late-Year Bounce
- Best Crypto Prop Trading Firms
- Solana Mobile Launches SKR Token for Seeker Users, Here’s How to Claim Airdrop
- Ripple President Predicts $1T Crypto Inflow into Corporate Treasuries by 2026
- Is Pi Network Price Going Through a Tough January?
- Chainlink Price Prediction After 24/5 Stock Data Launch: What’s Next For LINK?
- XRP Price Eyes a 25% Rebound Ahead of Brad Garlinghouse Statements at Davos Summit
- Why Silver and Gold Prices Are Rising While Crypto Falls Under Tariff Pressure?
- Solana Price Prediction As NYSE Launched Stock Tokenization Platform
- Bitcoin Price Outlook Ahead of Trump’s Davos Speech as Trade War Tensions Ease
