TLDR
- Trump Media & Technology Group partnered with Crypto.com to form a $6.42 billion CRO treasury strategy
- CRO price jumped 30% following the announcement, with trading volume spiking 850%
- The new entity will trade as MCGA on Nasdaq and become the world’s largest holder of CRO tokens
- CRO will become the native token for Truth Social platform with 10 million users
- Trump Media purchased $105 million worth of CRO while Crypto.com bought $50 million in DJT stock
Cronos crypto price jumped 30% following news that Trump Media & Technology Group entered into a partnership with Crypto.com and Yorkville Acquisition Corp to establish a massive CRO treasury strategy. The announcement sent daily trading volume surging 850% to $400 million.
The partnership creates Trump Media Group CRO Strategy Inc., which will merge with SPAC Yorkville Acquisition Corp to trade under the ticker MCGA on Nasdaq. The new entity aims to build a $6.42 billion CRO treasury, making it the world’s largest holder of the token.
CRO reached $0.20 after the announcement, representing a 30% gain in some reports. The price movement came with a sixfold increase in trading volume to nearly $500 million across different exchanges.
The treasury strategy includes an initial $200 million in cash to acquire CRO tokens. Additional funding comes from $100 million each from Crypto.com and Trump Media Group via warrants, plus $20 million from Yorkville.
This brings total immediate liquidity to $420 million. Yorkville will also provide a $5 billion credit line to support further token acquisitions.
Cronos (CRO) Crypto Price Prediction
Most analysts expect Cronos to trade between $0.09 and $0.13 throughout the year. Price movements will likely follow broader crypto market trends and network developments.
Prediction platforms DigitalCoinPrice and Coincodex forecast CRO prices around $0.18 and $0.173 for 2025. They cite major partnerships and increased visibility as drivers for upward momentum.
Some optimistic projections suggest targets up to $1.50 under ideal conditions. These scenarios assume widespread adoption and institutional investment during a crypto bull market, though most experts consider such outcomes unlikely.
Staking Strategy and Token Holdings
Trump Media Group CRO Strategy plans to stake acquired tokens to generate additional revenue. The company will hold CRO indefinitely and reinvest staking rewards to grow its position.
Upon completion, the entity will own approximately 6.31 billion CRO tokens, valued at around $1.2 billion at current prices. This represents roughly 19% of the total CRO supply.
Founding partners including Trump Media, Yorkville, and Crypto.com have committed to four-year lockup periods. Only 13% of shares will be available for public trading from original YORK shareholders.
The company plans to run a validator node on the Cronos blockchain. This will generate additional staking rewards to reinvest in more CRO purchases.
Devin Nunes, Chairman and CEO of Trump Media, said the company remains bullish on cryptocurrency. He expressed excitement about partnering with Crypto.com and Yorkville for this strategic initiative.
The partnership follows Trump Media’s recent $105 million CRO purchase, while Crypto.com countered with a $50 million stake in DJT stock. Crypto.com will provide custody services for Trump Media’s CRO holdings.
The strategy aims to create what the company calls a “flywheel effect.” Increased funds will drive more CRO purchases, boosting token value and enabling further acquisitions.
