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Trump Media Scraps $6.42 Billion Crypto Treasury Deal

Trump Media Scraps $6.42 Billion Crypto Treasury Deal

The failed treasury project, originally announced in August 2025, was set to include $1 billion in CRO tokens alongside a $5 billion equity line of credit. While the termination marks a retreat from the company's most aggressive crypto expansion efforts, it does not signal a total exit from digital assets. Trump Media maintains significant holdings, including 9,542 BTC and 756 million CRO, which were acquired through a separate strategic partnership that remains active.

Beyond the treasury, the company is pivoting its approach to prediction markets. Plans to embed a native tool called Truth Predict directly into the Truth Social platform have been scrapped in favor of a simpler marketing arrangement to promote Crypto.com’s existing products. Management is now intensifying its focus on a $6 billion all-stock merger with TAE Technologies, a fusion energy firm, which has emerged as the company’s primary strategic objective for 2026. This consolidation comes after a volatile first quarter that saw the company report a $405.9 million net loss, driven by markdowns on its existing crypto portfolio.

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