Former Gryphon executives will lead the treasury company in collaboration with Trump Media and Crypto.com

According to a report by Cointelegraph, SPAC Yorkville Acquisition has appointed former Gryphon Digital Mining executives Steve Gutterman as CEO and Sim Salzman as CFO, and will merge with Trump Media (TMTG) and Crypto.com to form a digital asset treasury company focused on accumulating and staking the native token CRO of the Cronos blockchain (built by Crypto.com).

The merger is expected to be completed in the first quarter of 2026. The merger plan was disclosed in September, with an initial purchase of 684.4 million CRO at a price of approximately $0.153 per token, totaling nearly $105 million, with half in stock and half in cash.

After the merger, the new company will operate validator nodes on the Cronos network, staking CRO holdings and earning rewards.