Trump Media and Crypto.com join forces to establish a $6.42 billion CRO reserve company, causing CRO to surge. (Background: Israel-Iran ceasefire) Gold dropped $3,320 to a two-week low, crude oil fell sharply by 10%, but Bitcoin stabilized above $105,000. (Background information: Why don't Meta, Amazon, and Microsoft touch Bitcoin?) Tonight (26) at 8:30 PM, Trump Media & Technology Group, special purpose acquisition company Yorkville Acquisition Corp., and cryptocurrency operator Crypto.com jointly released a press release announcing the establishment of the 'Trump Media Group CRO Strategy' digital asset treasury with a scale of $6.42 billion, almost entirely investing funds into the native token CRO of Cronos, aiming to make CRO a core asset of the 'new American digital economy.' $6.42 billion treasury outline According to the press release, the funding sources for the new treasury include: $1 billion in CRO (approximately 19% of the circulating market value), $200 million in cash, $220 million in mandatory convertible warrants, and up to $5 billion equity credit facility from Yorkville subsidiary YA II PN, Ltd. After the merger is completed, the company will be listed on Nasdaq under the code 'MCGA.' Founding shareholders will accept a one-year lockup and a three-year phased release arrangement to reduce short-term selling pressure. CRO jumps Upon the announcement, CRO immediately surged, reaching $0.21. Trump Media CEO Devin Nunes stated: 'We remain optimistic about the prospects of cryptocurrency, and the collaboration with Crypto.com and Yorkville is an important step in the company’s strategic layout.' Crypto.com CEO Kris Marszalek added: 'The scale of the lockup and the verification strategy work in parallel, making this treasury particularly outstanding in the digital asset field.' Related reports: Is home mining of Bitcoin rising? Canaan interviewed: Mining efficiency and noise have significantly improved, returning to the essence of decentralization. The French parliament rejected 'Bitcoin mining' as a solution to low nuclear power capacity. 'Trump Media collaborates with Crypto.com to establish a CRO treasury company! Plans to reserve $6.42 billion, $CRO price skyrockets 33%' This article was first published in BlockTempo (the most influential blockchain news media).