Bitcoin News Today: Trump Media and Crypto.com to Create $6.4B CRO Treasury Fueled 25% Price Surge

CRO experienced a sharp price surge following the announcement of a landmark $6.4 billion acquisition plan led by Trump Media Group, Crypto.com, and Yorkville Acquisition Corp. The new entity, Trump Media Group CRO Strategy Inc., will focus on acquiring and managing CRO tokens, marking a major expansion of Trump Media’s digital asset portfolio. The deal includes a $1 billion investment in CRO tokens, representing 19% of the token’s market capitalization, along with $200 million in cash, $220 million in warrants, and a $5 billion equity credit facility from Yorkville [1]. The firm will be listed on Nasdaq under the ticker symbol MCGA, offering institutional and retail investors broader access to the CRO ecosystem [2].

The market reacted swiftly to the news, with CRO rising between 22% and 25% on major exchanges. Daily trading volume for CRO surged 850% in the aftermath of the announcement, reflecting heightened investor confidence and liquidity [3]. The CRO price hit $0.2083, up 30.9% in 24 hours and 47.1% in the past week. With a current market cap of $6.97 billion and a 24-hour trading volume of $611.9 million, CRO ranks 30th in the global cryptocurrency market [4].

The strategic alliance between Trump Media, Crypto.com, and Yorkville is seen as a significant development for Cronos, which operates as an EVM-compatible smart contract platform supporting cross-chain settlement and DeFi applications. Over $1.46 million in total value is locked within DeFi protocols on the Cronos chain, positioning it as a competitive Layer 1 solution. The native CRO token is used for staking, trading discounts, and utility across financial services, particularly within the Crypto.com ecosystem [5].

Whale activity on exchanges like Crypto.com, Coinbase, MEXC, and OKX has intensified, with large investors accumulating CRO during the rally. Retail demand has also been amplified by news of a partnership linked to Truth Social, further strengthening the token’s appeal. Analysts have interpreted the move as a structural boost for Cronos, potentially enhancing its liquidity and institutional adoption [6].

Trump Media Group’s recent $2 billion Bitcoin investment and this new CRO-focused venture highlight the firm’s growing commitment to digital assets. The partnership with Crypto.com, a global crypto platform leader, is expected to reinforce the group’s influence in the evolving financial landscape. Devin Nunes, chairman and CEO of Trump Media Group, expressed optimism about the future of the initiative, emphasizing the firm’s bullish stance on cryptocurrency and its collaboration with industry leaders [1].

Trump Media’s stock rose 3.5% to $17.82 following the announcement, while Yorkville Acquisition shares dipped slightly by 2.4% [2]. The formation of the new entity represents one of CRO’s strongest rallies of 2025, pushing the price to new yearly highs. Analysts view the deal as a catalyst for long-term institutional confidence in the Cronos platform and the CRO token.

Sources:

[1] Trump Media, Crypto.com to Build $6.4B CRO Treasury Firm, CRO Jumps 25%. (https://www.coindesk.com/business/2025/08/26/trump-media-crypto-com-to-build-usd6-4b-cro-treasury-firm-cro-jumps-25)

[2] Trump Media and Crypto.com to create crypto treasury in ... (https://www.capitalbrief.com/briefing/trump-media-and-cryptocom-to-create-crypto-treasury-in-us64b-deal-479c553b-d527-456d-9df3-272ae281126f/)

[3] Cronos Price Jumps 22% as Trump Family Forms $6.4B ... (https://www.mexc.com/news/cronos-price-jumps-22-as-trump-family-forms-6-4b-cro-strategy-with-crypto-com/74642)

[4] Tradingview

[5] Bitcoin News Today: Trump Media and Crypto.com Launch ... (https://www.ainvest.com/news/bitcoin-news-today-trump-media-crypto-launch-6-4-billion-cro-treasury-fueling-25-price-surge-2508/)