Trump Media, Crypto.com end $6.42B CRO treasury deal

Trump Media & Technology Group is pulling back from one of its biggest crypto expansion plans less than a year after announcing it. Summary Trump Media, Crypto.com and Yorkville terminated the proposed $6.42 billion CRO treasury combination on Friday. Truth Social will market Crypto.com prediction products instead of directly integrating prediction markets into platform. The canceled treasury expected $1 billion in CRO plus a $5 billion Yorkville equity line. Trump Media is prioritizing its pending TAE merger, which it hopes to close during 2026. Separate ETF servicing plans involving Crypto.com were also canceled, while Yorkville’s existing funds remain unchanged. On Aug. 7, Trump Media, Crypto.com and Yorkville Acquisition Corp. Mutually terminated their proposed business combination to establish Trump Media Group CRO Strategy, a company designed around a multibillion dollar Cronos treasury. The companies cited “prevailing market conditions” and changing business and stakeholder priorities. The decision comes as Trump Media shifts attention toward its media operations and pending merger with TAE Technologies. The all stock TAE transaction was valued at more than $6 billion wh...