Trump Media's CRO Strategy SPAC Deal Could Redefine Digital Asset Treasuries

Trump Media & Technology Group DJT, Yorkville Acquisition Corp. YORK, and Crypto.com have announced plans to create Trump Media Group CRO Strategy, Inc., a new company structured as a digital asset treasury. The deal, structured as a SPAC business combination, could make the venture one of the largest single holders of Cronos (CRO) tokens on the market.Deal StructureThe proposed entity will be funded with $1 billion in CRO tokens (over 6.3 billion CRO, representing roughly 19% of the token's market cap at a ...