The post Trump Media Group’s CRO Strategy to Acquire $1B for Treasury, Cronos Up 20% appeared on BitcoinEthereumNews.com. 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. Trump Media Group and Crypto.com Unveil $1 Billion CRO Strategy In a press release, Trump Media Group announced that CRO Strategy will acquire $1 billion of CRO 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. 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. Meanwhile, Yorksville Acquisition Corp, a special purpose acquisition company (SPAC), was also part of the deal. 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. Source: TradingView; CRO Daily Chart Trump’s Company Announces Strategic Partnership With Crypto.com In addition to… The post Trump Media Group’s CRO Strategy to Acquire $1B for Treasury, Cronos Up 20% appeared on BitcoinEthereumNews.com. 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. Trump Media Group and Crypto.com Unveil $1 Billion CRO Strategy In a press release, Trump Media Group announced that CRO Strategy will acquire $1 billion of CRO 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. 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. Meanwhile, Yorksville Acquisition Corp, a special purpose acquisition company (SPAC), was also part of the deal. 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. Source: TradingView; CRO Daily Chart Trump’s Company Announces Strategic Partnership With Crypto.com In addition to…