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Trump media firm raises $6.4 billion to invest in Crypto.com’s digital token, deal includes purchase of Trump stock
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 $1 billion of Crypto.com’s token, $220 million in warrants, and $200 million in cash. The billions in capital will be injected into a special purpose acquisition company, or SPAC, called Yorkville Acquisition Corp. The new public company will trade under the ... (full story)
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From finance.yahoo.com | Aug 26, 2025
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 ...
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From fool.com | Aug 26, 2025
With President Donald Trump's tariff regime now in place and evolving unpredictably from day to day, many investors, including yours truly, are wondering how the crypto market will be affected. In short, the amount of sheer noise in the market has risen significantly and will likely keep rising. But noise and the volatility it tends to produce aren't the ...
