Trump Media Approaches $6 Billion Public Launch of Cronos Treasury via Crypto.com Collaboration
Business Combination Announcement: Trump Media & Technology Group and Crypto.com are planning to launch a publicly traded Cronos through a merger with Yorkville Acquisition Corp, with an expected deal closure in Q1 2026.
Leadership Appointments: Steve Gutterman and Sim Salzman have been appointed as CEO and CFO, respectively, for the new entity, which will manage over $6 billion in assets.
CRO Token Value Decline: The value of the CRO token has decreased significantly from approximately $1 billion at the announcement to around $636 million, impacting the overall treasury value.
Long-term Strategy: Despite the downturn, the companies are committed to a long-term investment in Cronos, including plans to run a validator node and integrate CRO into their platforms, emphasizing its utility and potential for yield generation.
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Executive Order on Bitcoin: Nearly a year ago, President Trump signed an executive order to create a "strategic Bitcoin reserve" and promised that the government would not sell the cryptocurrency during his presidency.
Impact on Taxpayers: The decision to establish the Bitcoin reserve has been detrimental to taxpayers, resulting in significant financial losses.
- Stock Volatility: DJT stock declined over 12% on Thursday before slightly rebounding in Friday's premarket, indicating high uncertainty in the market and reflecting investor concerns about its future performance.
- Bearish Market Sentiment: Over the past month, DJT has seen largely bearish sentiment on Stocktwits, which correlates with ongoing weakness in Bitcoin and a broader market selloff, exacerbating retail investors' frustrations.
- Bitcoin's Impact: The sharp decline of Bitcoin below $65,000 triggered panic selling in crypto-related stocks like Strategy (MSTR), demonstrating the direct influence of the cryptocurrency market on DJT's stock price.
- Token Issuance Plan: Trump Media plans to issue DJT tokens to shareholders on February 2, granting holders at least one share of DJT stock, although specific details are yet to be announced, which could affect future stock price movements.
- Market Growth Potential: The global digital asset infrastructure market is currently estimated to be valued at approximately $6-8 billion and is projected to grow to $18-25 billion by 2026, reflecting strong demand from banks and asset managers for compliant digital assets, driving rapid industry development.
- MMA Strategic Partnerships: Mixed Martial Arts Group has established strategic partnerships with Donald Trump Jr. and World Liberty Financial to advance its digital finance and Web3 platform, marking a transformation from a traditional payment platform to a digital finance entity, which is expected to enhance its market competitiveness.
- Strategic Financing Achievements: Strategy Inc. successfully executed five initial public offerings of preferred equity in 2025, raising $5.5 billion, and has raised an additional $1.9 billion through market programs, demonstrating strong performance in the digital credit space and expected to further drive company growth.
- Coinbase Acquisition Plans: Coinbase announced the acquisition of prediction markets company The Clearing Company, aiming to accelerate its positioning in regulated on-chain markets, which is expected to enhance platform diversity and user experience, further solidifying its leadership in the digital finance sector.
- Digital Token Initiative: Trump Media & Technology Group has confirmed the record date for its 'Digital Token Initiative,' meaning DJT shareholders as of that date will be eligible to receive digital tokens linked to the Truth Social platform, marking a significant shift towards blockchain integration in the company's business model.
- Surge in Crypto Revenue: According to a Reuters analysis, the Trump family amassed over $802 million from crypto operations in the first half of 2025, with more than 90% of their declared income now stemming from cryptocurrency, dwarfing traditional earnings of $33 million from golf courses and $23 million from real estate licensing, highlighting the immense potential of the crypto market.
- NFT Sales Success: Trump's NFT collections reportedly generated millions in sales, which not only supports the appreciation of his digital assets but also lays the groundwork for further developments in the crypto space, potentially attracting more investor interest.
- Increased Political Scrutiny: Trump's crypto activities are drawing political attention, with Senator Elizabeth Warren expressing concerns over a reported $500 million investment from the UAE, labeling it 'crypto corruption,' which could impact Trump's political image and raise questions about potential conflicts of interest between his political role and family business interests.
- Market Opportunity: Crypto.com has launched the OG predictions app to capitalize on Super Bowl LX, the largest gambling event in the U.S., where Americans are expected to wager $1.76 billion legally, thus seizing a significant market opportunity.
- Significant Business Growth: CEO Kris Marszalek reported a roughly 40-fold week-over-week growth in the company's event contracts business over the past six months, indicating strong demand and growth potential in the prediction market sector.
- Intensifying Competitive Landscape: Despite the favorable timing for the OG app launch, the implied probability of Crypto.com advertising during the Super Bowl is only 15%, reflecting the NFL's prohibition of prediction markets in its advertising, which complicates user acquisition efforts.
- Innovative Financial Engineering: The partnership with Trump Media has expanded into a dedicated treasury vehicle, set to trade publicly under the ticker MCGA via a merger with Yorkville Acquisition Corp, providing investors with a unique proxy to engage with the Crypto.com ecosystem.

Snap's Stock Performance: Snap's shares have declined nearly 45% over the past year, making it one of the worst-performing major social media firms, with a significant drop in advertising revenue and user engagement.
Upcoming Earnings Expectations: Snap is expected to report Q4 revenue of $1.70 billion, a 9% increase from the previous year, with analysts predicting a profit of $0.15 per share, despite previous misses in profit estimates.
Market Sentiment and Predictions: Retail sentiment around Snap is described as "extremely bullish," with some users predicting the stock could hit $4, while others have reported significant losses from their investments.
Analyst Caution: Analysts remain cautious about Snap's future, citing a sequential decline in users and the potential impact on revenue, while some firms have raised their price targets for Snap's stock.









