CRO has risen by 37.6% in the past 24 hours, setting a new high in the past three years

According to BlockBeats, on August 28, according to market data, CRO has risen by 37.6% in the past 24 hours, reaching a high of US$0.2869, setting a new high in the past three years. CRO started a unilateral upward trend in November 2021, and rose from US$0.214 to US$0.965 from November 2 to 24, an increase of 350%. It then fell to $0.057 by the end of 2022, a 94% drop from the top. BlockBeats previously reported that Yorkville Acquisition Corp, Trump Media & Technology Group and Crypto.com announced on August 26 that the tripartites have signed a decisive agreement to merge their business to form Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on acquiring Cronos eco-native crypto tokens (CROs). The estimated funding composition of the digital asset treasury includes: $1 billion in CRO, $200 million in cash, $220 million in cash mandatory warrants for exercise, and a $5 billion equity credit provided by Yorkville affiliate YA II PN, Ltd. This structure will make it the first and largest publicly traded CRO treasury company.