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Yorkville Acquisition Corp. Appoints Leadership for Trump Media and Crypto.com Treasury Venture

## Executive Summary Yorkville Acquisition Corp. (**MCGA**), a special purpose acquisition company (SPAC), announced the appointments of Steve Gutterman as Chief Executive Officer and Sim Salzman as Chief Financial Officer for the forthcoming **Trump Media Group CRO Strategy, Inc.** This follows the proposed business combination that will establish a publicly traded digital asset treasury company. The new entity is a strategic partnership between **Trump Media & Technology Group (DJT)** and **Crypto.com**, focused on the acquisition and management of **CRO**, the native token of the Cronos ecosystem. ## The Event in Detail The appointments signal a move to install experienced leadership ahead of the business combination, which is anticipated to close in the first quarter of 2026. Both Gutterman and Salzman are veterans of public companies with direct experience in the digital asset sector. They most recently led the bitcoin mining firm **Gryphon Digital Mining (GRYP)**, where Gutterman served as CEO and Salzman as CFO, guiding it through a merger and regaining Nasdaq compliance. Their appointments were endorsed by the leadership of the founding partners, including **Devin Nunes**, CEO of Trump Media, and **Kris Marszalek**, CEO of Crypto.com, who cited the executives' deep crypto and capital markets expertise as critical for the project. ## Deconstruct the Financial Mechanics The transaction is structured as a business combination between a SPAC (**Yorkville Acquisition Corp.**) and a newly formed entity, **Trump Media Group CRO Strategy**. This new company will be established through asset contributions from its founding partners, **Trump Media & Technology Group** and **Crypto.com**. The resulting public company will function as a specialized digital asset treasury. Its primary corporate strategy will be to acquire and hold **CRO** tokens, effectively creating a publicly traded vehicle for investors to gain exposure to a corporate treasury focused on a single cryptocurrency. ## Business Strategy & Market Positioning The stated mission of the **Trump Media Group CRO Strategy** is to connect traditional investment opportunities with the digital asset ecosystem. The strategy centers on a singular focus: the accumulation and active management of **CRO**. By appointing a management team with a track record in both digital assets and capital markets, the partners aim to "unlock significant value for shareholders." > "This is a defining moment for cryptocurrencies and for digital asset treasuries,” said Mr. Gutterman. "MCGA is uniquely positioned to scale and create shareholder value. No one else has the partners or the positioning that we do." The venture leverages the brand and market reach of its high-profile partners, **Trump Media** and **Crypto.com**, to create a distinct market position. The explicit goal, as stated by Gutterman, is to "Make CRO Great Again," directly linking the venture to the Trump brand identity. ## Broader Market Implications This business combination represents a novel convergence of a SPAC, a media entity with a strong political brand, and a major cryptocurrency exchange. If successful, it could establish a new playbook for creating publicly traded corporate treasuries focused on specific digital assets, offering a new model for other cryptocurrency projects seeking access to public capital markets. The structure also means the stock price of the post-merger entity will likely be highly correlated with the price of the **CRO** token, introducing significant volatility risk for equity investors. The venture’s progress will serve as a key case study on the appetite of public market investors for pure-play corporate crypto treasuries.