Trump Media killed its Crypto.com treasury deal to focus on operations and a $6B fusion merger with TAE Technologies. The move ends CRO treasury plans and prediction market integration.
Truth Social parent Trump Media and Technology Group (DJT) is terminating a cryptocurrency treasury agreement with Crypto.com (CRO) to streamline operations around its main platform and an energy partnership.
The companies and the special purpose acquisition company Yorkville Acquisition Corp have all agreed to abandon plans for a CRO treasury venture announced in the second quarter of 2025, Axios reported. The firms cited “prevailing market conditions and shifting business and stakeholder priorities” as reasons for the pullback.
TMTG interim CEO Kevin McGurn said the company “wanted to get focused” as the digital asset treasury market grew more crowded. The parties also dropped plans to integrate prediction markets directly into Truth Social, though Crypto.com’s prediction products will still be marketed to the platform’s users.
McGurn said the company now intends to monetize Truth Social’s audience while finalizing an all-stock merger with TAE Technologies valued at more than $6 billion. The December 2025 agreement 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, founded in 1998, develops hydrogen-boron fusion technology and has raised over $1 billion from investors including Google and Chevron. McGurn said he is optimistic the deal will close before 2026 ends.
The termination removes a potential source of balance-sheet volatility tied to crypto holdings, though the company still faces execution risk on the fusion merger. Regulatory approvals for a commercial fusion plant remain untested.
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