Yewon Kang

- Trump Media Group, in partnership with Crypto.com and Yorkville Acquisition Corp., has launched **Trump Media Group CRO Strategy Inc.**, a **$6.42 billion** digital asset treasury company focused exclusively on the **Cronos (CRO) token**, which will be publicly traded under the ticker **MCGA**.  **[1656472_718018179bd543ecb190efb167765e12]** 
- The company aims to build a treasury of at least **$6.42 billion**, funded by **$1 billion in CRO tokens**, **$420 million in cash and warrants**, and a **$5 billion equity line of credit** from YA II PN, Ltd..  **[1656472_718018179bd543ecb190efb167765e12]** 
- Trump Media will run a validator node on the Cronos blockchain, stake its CRO holdings to generate additional revenue, and integrate CRO into its Truth Social platform through a new rewards system that allows users to convert platform points into CRO tokens, with future plans for subscription payments and discounted services using CRO.  **[1656472_718018179bd543ecb190efb167765e12]** 
- Founding shareholders have agreed to a **one-year lock-up period** followed by a **three-year release schedule**, highlighting a long-term commitment to the initiative.  **[1656472_718018179bd543ecb190efb167765e12]**

Cronos Group (CRON)