Cronos

Trump Media and Technology Group reported a smaller bitcoin position at the end of June as the fair value of its crypto assets declined. The update followed the collapse of planned Crypto.com-linked initiatives, including a proposed CRO treasury company and an ETF servicing partnership.

Trump Media, Crypto.com and Yorkville Acquisition have terminated plans for a publicly traded company focused on accumulating and staking CRO. The move marks a sharp pullback from Trump Media’s crypto expansion as the firm redirects attention toward media, data licensing and a proposed fusion-energy merger.

Wallets tied to Trump Media moved 2,628 bitcoin worth about $165 million to Crypto.com, leaving roughly 4,261 bitcoin in tagged addresses. The remaining balance now closely matches the 4,260.73 bitcoin the company previously listed as collateral for convertible notes, making its next 10-Q central to understanding whether the transfers were custody movements or sales.