CRO Surges Nearly 40% as Trump Media Launches $6.4B Crypto Treasury Focused on CRO Holdings
TradingKey – On Wednesday, August 27, the price of Cronos (CRO), the native token of Crypto.com, soared nearly 40%, jumping from $0.1533 to a high of $0.2124 — its strongest level since December 2024.
The rally was driven by news that Trump Media & Technology Group (DJT) has partnered with Crypto.com and Yorkville Acquisition Corp. to launch a new digital asset treasury company focused exclusively on CRO accumulation.
CRO Price Chart – Source: TradingView
According to GlobeNewswire, the newly formed entity — Trump Media Group CRO Strategy, Inc. — will serve as a dedicated vehicle for building strategic reserves of CRO. The company is backed by an initial capital commitment of approximately $6.4 billion, sourced from four distinct channels:
Funding Source | Amount |
Credit facility from Yorkville affiliate YA II PN, Ltd. | $5.0 billion |
CRO tokens (6.3 billion CRO) | $1.0 billion |
Cash from warrant exercises | $220 million |
Direct cash injection | $200 million |
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