Former Gryphon Executives to Lead Trump Media-Crypto.com Merger with CRO as Core Reserve Asset Amid Volatility
The post Former Gryphon Executives to Lead Trump Media-Crypto.com Merger with CRO as Core Reserve Asset Amid Volatility appeared on BitcoinEthereumNews.com.
The merger between Trump Media & Technology Group and Crypto.com, led by former Gryphon Digital Mining executives Steve Gutterman as CEO and Sim Salzman as CFO, establishes a new cryptocurrency treasury business focused on CRO reserves, set to close in Q1 2026. Gryphon Digital Mining executives appointed to lead post-merger entity. Initial acquisition of 684.4 million CRO tokens valued at $105 million using cash and stock. Crypto.com’s partnership includes White House Crypto Summit participation and ETF discussions. Discover the Trump Media and Crypto.com merger details, including new leadership and CRO treasury strategy. Explore risks and opportunities in this bold crypto move. Stay informed on digital asset trends today. What is the Trump Media and Crypto.com Merger? The Trump Media and Crypto.com merger involves a business combination through Yorkville Acquisition Corp. to create a new public entity centered on cryptocurrency treasury management. This union aims to position CRO from the Cronos ecosystem as a core long-term reserve asset. The deal, announced earlier, includes an initial purchase of 684.4 million CRO tokens at approximately $0.153 each, totaling around $105 million paid in cash and stock, with leadership transitions effective upon closing in the first quarter of 2026. How Will the New Leadership from Gryphon Digital Mining Shape the Entity? Steve Gutterman, the incoming CEO, and Sim Salzman, the designated CFO, bring extensive experience from their roles at Gryphon Digital Mining, where they managed restructuring, regulatory compliance, and capital markets activities. Both held senior positions at E*TRADE, American Bitcoin, and Marathon Digital, providing deep expertise in financial operations within the cryptocurrency sector. According to Yorkville Acquisition Corp., their appointment underscores a commitment to robust governance and strategic growth in digital assets. This leadership duo is expected to oversee the integration of CRO into the company’s treasury, leveraging staking yields for potential revenue streams…
Filed under: News - @ December 2, 2025 5:27 am