Trump Media Terminates Crypto Treasury Plans To Prioritize Core Operations and Fusion Energy Merger
Truth Social’s parent firm is terminating a multibillion-dollar cryptocurrency treasury agreement with Crypto.com (CRO) to streamline operations around its main platform and an energy partnership.
Trump Media and Technology Group (TMTG), Crypto.com and the special purpose acquisition company Yorkville Acquisition Corp have all agreed to abandon plans for a CRO treasury venture announced in Q2 2025, reports Axios.
The companies note that “prevailing market conditions and shifting business and stakeholder priorities” ultimately led to the decision.
TMTG interim CEO Kevin McGurn says the firm “wanted to get focused” amid the increasingly crowded digital asset treasury market.
The companies also dropped plans to integrate prediction markets directly into Truth Social, but noted that Crypto.com’s prediction-market products will be marketed to the social media platform’s users.
McGurn says the company now looks to efficiently monetize Truth Social’s audience and data while finalizing an all-stock merger with TAE Technologies valued at more than $6 billion.
The December 2025 agreement with TAE aims to create one of the first publicly traded fusion companies and advance plans for a 50-megawatt utility-scale fusion power plant in 2026, subject to regulatory approvals.
TAE Technologies, founded in 1998, develops hydrogen-boron fusion technology for abundant clean energy and has raised over $1 billion in funding from investors including Google and Chevron.
McGurn is optimistic that the deal will close before 2026 expires.
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