Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Trump Media Abandons $6.4B Cronos Treasury Deal

Guavy AI Editorial Team
Instruments
CRO
Share

Trump Media Group has scrapped its planned $6.42 billion treasury venture built around Cronos (CRO) with Crypto.com, citing market conditions and shifting corporate priorities.

The joint statement from Trump Media, Crypto.com, and Yorkville Acquisition Corp. announced the termination of the proposed Trump Media Group CRO Strategy on Friday. This move affects a publicly traded Cronos treasury company that would have licensed the Trump Media name to accumulate CRO and stake those holdings for extra yield.

Interim chief executive Kevin McGurn stated that the digital asset treasury sector had grown crowded as more public companies copied the same balance sheet playbook, leading to the decision to scrap the venture. The two firms also dropped a services agreement and a plan to bring prediction market contracts to Truth Social.

More on Crypto

Crypto just now

Bitcoin Slides to $63,400 as ETF Inflows Fail to Stem Corporate Selling

Crypto just now

Polkadot Stuck in Neutral at $0.81 as Smart Money Goes Long

Crypto just now

Plug Power's Stock Soars on Explosive GenDrive Expansion

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy