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CRO Surges Another 37.6% in the Last 24 Hours, Hits Near 3-Year High
BlockBeats News, August 28, according to market data, CRO surged another 37.6% in the past 24 hours, reaching a high of $0.2869, marking a new near-three-year high.
CRO once started a unilateral uptrend in November 2021. Between November 2 and November 24, it rose from $0.214 to $0.965, a 350% increase. It then fell to $0.057 by the end of 2022, a 94% decline from the top.
BlockBeats previously reported that on August 26, Yorkville Acquisition Corp, Trump Media & Technology Group, and Crypto.com announced that the three parties had signed a definitive agreement to merge and establish Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on acquiring Cronos ecosystem-native cryptocurrency (CRO). The expected composition of the digital asset treasury includes: $1 billion in CRO, $200 million in cash, $220 million in cash-settled mandatory convertible bonds, and a $5 billion equity line of credit provided by Yorkville-affiliated company YA II PN, Ltd. This structure will make it the first and largest publicly traded CRO treasury company.
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