Nasdaq listed Yorkville Acquisition Corp. and Trump Media & Technology Group Corp. have announced a partnership with Crypto.com exchange for a $6.24 billion CRO treasury. The treasury, called Trump Media Group CRO Strategy, Inc., is focused on acquisition of CRO, the native token of the Cronos ecosystem.
As per the official release, the trio will be founding partners in the treasury and they will purchase $1 billion worth of CRO at market price, roughly 6.31 billion tokens, representing nearly 19% of its total market supply. Additionally, the treasury will use $200 million in cash and $220 million cash-in mandatory exercise warrants, with an additional $5 billion equity line of credit from an affiliate of Yorkville, YA II PN, Ltd.
The move will make Trump Media Group CRO Strategy, Inc., the first and largest publicly traded CRO treasury company. Beside the deal, YA II PN, Ltd. also entered into a backstop agreement to purchase Class A ordinary shares of Yorkville Acquisition Corp.
“Financial markets are becoming increasingly digital every day, and companies of all sizes and sectors are strategically planning for the future by establishing digital asset treasuries anchored by assets that have created a comprehensive value proposition and are poised for even greater utility,” said Devin Nunes, Chairman and CEO of Trump Media & Technology Group.
CRO Token Spikes 25%
Following the announcement, CRO token price surged by staggering 23%, surging from $0.1623 to $0.1996 in hours. Although it is nearly 80% away from the previous all-time high of $0.9698, marked in November 2021.
So far the Trump Media Group CRO Strategy, Inc. is the largest altcoin strategy in existence compared to CRO’s market cap. At the time of writing, the total market capitalization for Cronos (CRO) token sits at $6.57 billion–as per CoinMarketCap data.
Altcoin Treasury Trend Accelerates
While the Ethereum (ETH) primitive ruled the crypto market in the first half of 2025, the altcoin treasury trend is now taking the central stage with various publicly traded companies increasingly adopting altcoins like Ethereum and Solana (SOL) as treasury assets. The trend is inspired by MicroStrategy‘s Bitcoin strategy and SharpLink Gaming’s pivot to ETH.
Also read: Altcoins Make Bitcoin Growth Stronger: Tim Draper
