Trump Media To List CRO Crypto Fund On Nasdaq

Donald Trump re-enters the crypto arena. Through Trump Media, his group partners with Crypto.com and Yorkville Acquisition to launch a structure valued at 6.42 billion dollars, entirely based on CRO. The goal is to build the largest public crypto treasury, with a planned listing on Nasdaq.

An extraordinary treasury strategy : $6.42 billion for a CRO empire

While the group categorically denied false information about a secret crypto plan, Trump Media and Technology Group, owner of the Truth Social platform, partnered with Crypto.com and Yorkville Acquisition in a definitive agreement to launch a new entity named Trump Media Group CRO Strategy according to the official announcement published Tuesday.

This investment vehicle aims to constitute a treasury exclusively denominated in CRO, the native token of the Cronos blockchain, developed by Crypto.com. In their joint statement, the three entities claim they want to establish “the first and largest treasury company listed in CRO”, with unprecedented capital ambitions.

The statement specifies: “this capital would allow building the crypto treasury company with the highest capitalization/treasury ratio in history”.

The financial details of the operation confirm its scale, both in terms of amount and structuring :

• $1 billion initial investment in CRO tokens, provided by the partners ;

• $420 million in cash and warrants, mobilized to support the development of the structure ;

• A $5 billion credit line, provided by a Yorkville Acquisition affiliate, intended to complement the treasury ;

• A planned Nasdaq listing, with the ticker MCGA, a direct reference to Donald Trump’s political slogan.

The stated goal is to make this entity the largest crypto treasury ever listed, with a unique positioning around the CRO token. This project also marks a decisive step in the convergence between the crypto ecosystem, traditional stock markets, and Donald Trump’s entrepreneurial ambitions in digital.

Staking, governance and criticism : the downside of a technological ambition

Beyond simple crypto holding, Trump Media Group CRO Strategy shows a clear wish to generate long-term value via staking mechanisms.

Once the merger is finalized, the entity plans to mobilize almost all of its cash reserves to acquire CRO, with the goal of setting up a validator node on the Cronos blockchain.

“The validator will be established and maintained by a crypto-native expert team from the Cronos ecosystem, aiming to maximize staking rewards”, the document specifies. This system should enable a dual dynamic: securing the Cronos network while generating yields reinvested into the token.

However, this strategy is not exempt from criticism. Crypto.com, developer of Cronos and partner in the project, is regularly accused of excessive centralization. The CRO token, initially praised for its utility dimension, saw its reputation tarnished after the cancellation of a 70 billion token burn in 2021.

Moreover, on-chain investigator ZachXBT publicly stated that the project “is no different from a scam”, accusing Crypto.com of supply manipulation and disproportionate control over the network governance.

Crypto[.]com also had a massive incident they covered up in the past that they never made public.

(I’m just not allowed to leak details rn)

— ZachXBT (@zachxbt) August 26, 2025

Some sources even allege that the exchange holds up to 80 % of the voting rights on the CRO protocol, a figure that, if confirmed, would raise serious decentralized governance questions.

Beyond technical aspects, this partnership crystallizes major political and regulatory stakes. Donald Trump’s direct involvement in a project tied to a controversial asset raises questions about the potential political use of these tools. If the staking yield promises prove true, this operation could strengthen the credibility of some hybrid models between traditional finance and DeFi. Conversely, excessive CRO volatility or governance tensions on the network could quickly turn this bet into a legal and financial headache.