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Trump Media, Crypto.com spin out exchange token SPAC
The president’s namesake media company, Trump Media and Technology Group (DJT), has agreed to a deal with Yorkville Acquisition Corp. The Cayman Islands-incorporated "blank-check company" and DJT will launch a crypto treasury firm geared toward stockpiling Crypto.com’s native token, CROS (CRO), the partnering companies disclosed in a Tuesday filing. The new firm will be called Trump Media Group CRO Strategy and is expected to trade under the ticker symbol MCGA. It will be majority owned by the president’s media company, along with Crypto.com and advisor Yorkville. Also known as a special purpose ... (full story)
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From msn.com | Aug 27, 2025
The Trump crypto empire keeps on expanding. On Tuesday, the company that owns the Trump family’s media properties announced it has raised $6.42 billion to acquire a supply of a digital token called Cronos, which is issued by Crypto.com, one of the world’s largest crypto exchanges. The funding includes a $5 billion credit line, an already acquired stash of ...
Yorkville Acquisition Corp. (Nasdaq: YORK), Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“Trump Media”) and Crypto.com today announced they have entered into a definitive agreement for a business combination (the “Business Combination”) to establish Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on ...
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