Trump Media and Technology Group has announced a $6.42 billion deal with Crypto.com to create a publicly traded crypto treasury firm via a SPAC merger. The partners will focus on accumulating CRO – Crypto.com’s native token. But what is a SPAC Merger? Special purpose acquisition companies (SPACs) are formed to raise capital through an IPO, which can then be used to acquire or merge with another company.
As TMTG announced on 26 August 2025, “Trump Media Group CRO Strategy will use its funding to establish a digital asset treasury of CRO, the native token of the Cronos blockchain ecosystem.”
Interestingly, back in May 2025, Trump Media announced a $2.5 billion deal with Crypto.com for its Bitcoin treasury. TMTG’s latest $6.42 billion announcement also follows Michael Saylor’s Strategy playbook that began accumulating Bitcoin in 2020.
Commenting on the partnership, TMTG Chairman and CEO Devin Nunes said, “Financial markets are becoming increasingly digital every day, and companies of all sizes and sectors are strategically planning for the future by establishing digital asset treasuries anchored by assets that have created a comprehensive value proposition and are poised for even greater utility.”
Breaking News:
Today is a historic day for $CRO
Trump Media Group CRO Strategy has announced $6.4B in funds to build America’s Cronos Treasury.
At closing, Trump Media Group CRO Strategy is expected to be the world’s largest holder of CRO.
Read the press release for more… pic.twitter.com/QQrSZLlKu4
— Crypto.com (@cryptocom) August 26, 2025
EXPLORE: Cronos Crypto: Trump Media Is Using Crypto.com
Largest Publicly Traded CRO Treasury Company? Largest Digital Asset Treasury Company To Market Cap Ratio In History?
Expected funding for TMTG-Crypto.com’s digital asset treasury will consist of $1 billion in CRO, $200 million in cash, and $220 million in cash-in mandatory exercise warrants, with an additional $5 billion equity line of credit from an affiliate of Yorkville. TMTG said this will “make it the first and largest publicly traded CRO treasury company as well as the largest digital asset treasury company to market cap ratio in history.”
Nunes said, “We continue to be bullish on cryptocurrency, and we are excited to be partnering with a leading global cryptocurrency platform and namesake of its industry in Crypto.com and one of the most sophisticated investor groups in Yorkville for this strategic initiative.”
Furthermore, TMTG insisted that it is focusing on yield-generating and ecosystem-aligned assets rather than traditional non-productive holdings. The company said that it’s CRO strategy aims to enhance capital efficiency.
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“The sheer size and structure of this project will encompass more than the entire current market capitalization of CRO”
$CRO up 40% on $1b+ 24h trading volume, following the historic announcement of $6.4b treasury play by Trump Media Group CRO Strategy. $DJT up more than 5% on the news.
Value of CRO held under Trump Media Group umbrella now at over $1.5 billion.
— Kris | Crypto.com (@kris) August 27, 2025
CRO rallied as it registered intraday gains in the 20-30%. Furthermore, Tump Media stock (DJT) ticked higher. However, Yorkville dipped modestly.
Crypto.com Co-Founder and CEO Kris Marszalek said, “The sheer size and structure of this project will encompass more than the entire current market capitalization of CRO, with the additional commitments of over $400 million in cash and a further $5 billion line of credit facility to acquire additional CRO.”
“This, combined with share lock-ups by each party and the treasury’s validator strategy, make it a unique and compelling offering compared to all other digital asset treasuries,” Marszalek added.
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Key Takeaways
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TMTG and Crypto.com’s SPAC-backed CRO treasury company is a high-profile bet on single-token accumulation strategy.
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Following the announcement, CRO spiked sharply intraday. Reports cited jumps above 20% and near 30%.
The post Trump Media And Crypto.com Partner To Launch $6.42B ‘Saylor-Style’ Crypto Treasury appeared first on 99Bitcoins.
