Trump’s Company Raises $6.42 Billion to Establish $CRO Treasury

Trump Media (DJT) has partnered with Yorkville Acquisition (YORK) and Crypto.com to form the Trump Media Group CRO Strategy – a crypto treasury company holding the native token of the Cronos ecosystem, $CRO (https://5phutcrypto.io/5pc-checker/?token=crypto-com-chain).

According to the agreement, the new company will be jointly owned by all three parties. The projected capital includes:

$1 billion in $CRO, accounting for ~19% of CRO’s current market capitalization

$200 million in cash + $220 million in mandatory purchase rights

$5 billion in equity credit line from Yorkville’s investment fund

The founding parties commit to locking their shares for at least 1 year, followed by gradual unlocking over the next 3 years.

$CRO surged ~30% following the announcement.$CRO what token