Trump Media and Technology Group terminated its planned $1+ billion CRO treasury venture with Crypto.com and Yorkville Acquisition Corp, along with a related prediction market services agreement, citing updated corporate strategies.
Trump Media & Technology Group transferred 2,628 BTC to Crypto.com exchange, reducing its holdings to approximately 4,261 Bitcoin. The company has now sold over 7,000 BTC since acquiring 11,542 BTC near record prices, with cumulative losses estimated at $555 million.
Trump Media & Technology Group announced plans to offer paid, licensed data feeds giving banks and trading firms millisecond-faster access to posts on Truth Social, including potentially market-moving posts from President Donald Trump himself. Critics have denounced the move as potentially creating conflicts of interest between presidential communications and corporate profit.
