Trump Media Invests $6.4 Billion in CRO Token
Date: 2025-08-27 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
The price of the CRO token, tied to Crypto.com’s Cronos ecosystem, has skyrocketed 25% after Trump Media & Technology Group (TMTG) announced a joint venture to make a major investment.
The agreement between Yorkville Acquisition Corp, TMTG, and Crypto.com will create Trump Media Group CRO Strategy, Inc., which will focus on building a significant reserve in CRO. Yorkville Acquisition Corp plans to file for a listing of Class A shares on Nasdaq under the ticker symbol MCGA.
The new entity will be capitalized on:
6.3 billion CRO tokens (about 19% of the total supply), valued at $1 billion;
- $200 million in fiat;
- $220 million in mandatory warrants;
- $5 billion credit line.
The press release emphasizes that the goal of the strategy is to strengthen Trump Media's long-term position in digital finance by accumulating CRO.
In addition, TMTG will add Cronos support to its Truth Social social network and Truth+ streaming service. Crypto.com will provide the technical base for wallet integration.
It is worth noting that back in March, the companies entered into a preliminary cooperation agreement. At that time, the parties discussed the launch of a line of exchange-traded funds under the Truth.Fi brand, which also caused a 30% increase in CRO.
Betting on the prediction market
Meanwhile, Axios reported on investments by the venture fund 1789 Capital, where Donald Trump Jr. is a partner, in the decentralized prediction platform Polymarket.
According to journalists, the investment amounted to "tens of millions of dollars." Previously, Founders Fund valued Polymarket at more than $1 billion. As part of the deal, Trump Jr. will join the project's advisory board.
It is known that negotiations between Polymarket and the fund began a year and a half ago, but 1789 Capital expected a clearer legal basis for the platform to enter the American market. Now the organization is considering it as a potential candidate for a future IPO. The fund's portfolio also includes SpaceX and Anduril.
Earlier, in May, TMTG had already raised $1.5 billion through a share placement and another $1 billion through the issue of convertible bonds. These funds were planned to be used to purchase Bitcoin.
Thus, Trump Media and its related structures are strengthening their presence both in the cryptocurrency sector and in related innovative areas, including predictive markets.
