Trump's company raised $6.42 billion to establish a treasury $CRO 🎉



- Trump Media (DJT) has just partnered with Yorkville Acquisition (YORK) and Crypto.com to establish Trump Media Group CRO Strategy – a crypto treasury company that holds the native token of the Cronos ecosystem - CRO.

- According to the agreement, the new company will be jointly owned by all three parties. The expected capital sources include:

• 1 billion USD CRO, accounting for ~19% of the current CRO market capitalization
• 200 million USD in cash + 220 million USD mandatory purchase rights
• 5 billion USD equity credit limit from Yorkville's investment fund

-The founding parties commit to locking their shares for at least 1 year, then gradually unlocking them over the next 3 years.

CRO price surged by ~30% after the news 🚀
TRUMP0.09%
CRO0.14%
TOKEN-0.41%
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