The media learned about Trump's plans to create a crypto treasury company to buy tokens

Trump Media & Technology Group Corp., Crypto.com and Yorkville Acquisition Corp. An agreement has been announced to establish a digital asset management company, Trump Media Group CRO Strategy, Inc. This was reported by Bloomberg on August 26.

It is specified that the organization will specialize in acquiring its own Cronos (CRO) cryptocurrency token.

The expected digital asset financing will consist of $1 billion in CRO, $200 million in cash and $220 million in mandatory warrants, as well as an additional $5 billion line of credit from Yorkville. According to Bloomberg, this will make the company the first and largest publicly traded CRO holder.

"The size and structure of this project will exceed the entire current market capitalization of CRO," said the co—founder and CEO. Crypto.com . Chris Marschalek.

According to the publication, the strategy of Trump Media Group CRO, which is majority owned by Trump Media, Crypto.com and Yorkville, aimed at creating a treasury of at least $6.42 billion.

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Earlier, on August 8, Jan Pinchuk, deputy head of WhiteBird's exchange trading department, called the signing of a decree by US President Donald Trump on expanding access to alternative assets, including cryptocurrency, private equity and real estate, as part of defined contribution pension plans an important step. According to him, this is significant both from the point of view of the market structure and from the psychological side.

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