Not sure what to think about these news:
https://www.coindesk.com/business/2025/08/26/trump-media-crypto-com-to-build-usd6-4b-cro-treasury-firm-cro-jumps-25 Trump Media will buy $105 million in CRO tokens while Crypto.com takes $50 million in DJT stock as part of a partnership that makes the Cronos token central to Truth Social’s rewards system.
Summary of the press-clippings:
Trump Media, Crypto.com, and Yorkville Acquisition Corp are creating a new joint venture called Trump Media Group CRO Strategy Inc. through a SPAC merger. Once the deal closes, the new company will trade on Nasdaq under the ticker $MCGA, short for “Make CRO Great Again.”
Key points:
* Treasury focus: $MCGA will be a digital asset treasury company dedicated to acquiring and holding Cronos (CRO).
* Scale: It will start as the world’s largest CRO holder (~6.3B tokens, about $1B at announcement).
* Partnership swap: Trump Media is buying $105M in CRO, Crypto.com is taking $50M in DJT stock.
* Cash & credit line: Around $420M cash is earmarked for more CRO purchases, plus a $5B credit line to buy even more.
* Utility integration: CRO becomes the platform token for Truth Social (rewards, subscriptions, payments).
* Strategy: Stake and run validator nodes to earn additional CRO, creating a flywheel (more funds → more CRO → higher price → more funds).
I am happy that I am invested in CRO, but I hope that this is giving the CRO-ecosystem some longevity. What are your thoughts?