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Trump Media, Crypto.com and Yorkville Acquisition Corp. have ended their proposed $6.42 billion CRO treasury business combination, abandoning a plan to create a company centered on a Cronos treasury.
The companies said the deal was mutually terminated on Aug. 7, citing “prevailing market conditions.” Trump Media will instead market Crypto.com prediction products, while continuing to prioritize its pending merger with TAE Technologies.
Treasury plan and ETF servicing arrangement were both canceled
The abandoned transaction would have created Trump Media Group CRO Strategy. According to the companies, the planned financing package included $1 billion in CRO, $200 million in cash, $220 million from mandatory exercise warrants, and a $5 billion equity line of credit.
The reported $6.42 billion figure referred to financing available to the proposed treasury company, not CRO that had already been purchased.
The companies also ended a separate arrangement under which Crypto.com would have serviced certain planned Yorkville America ETFs. Yorkville America said its existing Truth Social-branded funds and plans for other ETF products remain unchanged.
No termination payment or breakup fee was disclosed.
Trump Media pivots to a marketing role for Crypto.com predictions
Instead of directly integrating prediction markets into Truth Social, Trump Media said it will market Crypto.com prediction products.
That matters because the revised relationship is narrower than the original combination and shifts Trump Media away from building out a large CRO-focused treasury vehicle with Crypto.com and Yorkville.
The companies also left intact a separate strategic partnership under which Trump Media previously agreed to buy about $105 million of CRO for its own balance sheet, while Crypto.com agreed to acquire $50 million of Trump Media shares.
At the end of March, Trump Media reported holding 9,542 BTC and about 756 million CRO. The company also reported a first-quarter net loss of $405.9 million, attributed in part to Bitcoin and CRO markdowns.
What to watch next
Trump Media said it remains focused on its pending merger with TAE Technologies, an all-stock deal announced in December 2025 and valued at more than $6 billion. That transaction is still subject to regulatory approvals, shareholder processes and other customary conditions.
For readers tracking prediction-market platforms, the immediate takeaway is that Crypto.com remains in the picture through a marketing arrangement, but the larger treasury and ETF-servicing plans are off the table for now.
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Source: As reported by crypto.news.
