CRO Token Surges 26% After Trump Media’s DAT Launch

Cronos (CRO) ignited the crypto market this week, soaring 26.6% within an hour to nearly $0.20, after Trump Media & Technology Group announced the creation of Trump Media Group CRO Strategy, Inc. The new venture will function as a Digital Asset Treasury (DAT), backed by a landmark partnership with Crypto.com and Yorkville Acquisition Corp. The initiative positions the firm as the world’s largest public CRO holder, with a staggering $1 billion in tokens and a $5 billion credit line.

CRO Market Impact with Trump’s DAT Media Strategy

The announcement, detailed in a GlobeNewswire release, outlines a SPAC merger with Yorkville to take the venture public under the ticker MCGA, a nod to “Make CRO Great Again.” The firm will initially control 6.3 billion CRO tokens, worth about $1 billion, alongside $420 million in cash reserves. Trump Media CEO Devin Nunes called the move a “strategic commitment to the future of digital assets,” while Crypto.com CEO Kris Marszalek labeled it a “historic day for CRO.”

Markets responded instantly. CRO’s trading volume surged 80% in 24 hours to $336 million, while social media buzzed with both excitement and skepticism. Supporters pointed to the “flywheel effect” of institutional adoption, while critics warned of volatility tied to the entity’s stock performance.

How the DAT Works?

Unlike traditional treasuries, the DAT will focus exclusively on acquiring, staking, and managing CRO. A one-year lock-up period and phased share releases are designed to ensure stability, while validator operations will allow the firm to earn staking rewards of up to 20% annually.

Built on the Cosmos SDK with EVM compatibility, Cronos enables smooth via IBC. This will allow Trump Media to integrate CRO directly into Truth Social’s reward system, where users can convert in-app “gems” into CRO tokens. Custody and treasury operations will be managed by Crypto.com.