Cronos has surged 100% in the last week of trading, driven by news of a new crypto-treasury company linked to Trump Media. Trump Media Group CRO plans to buy $1 billion worth of Cronos, with $5.4 billion available for future purchases. Cronos currently has a market cap of $10.5 billion.

Trump Media announced a partnership to merge Crypto.com with SPAC Yorkville Acquisition to create Trump Media Group CRO Strategy. This new publicly traded company will purchase $1 billion of Cronos tokens for its treasury. The partnership sets up Trump Media Group CRO with a significant cash and credit line for future investments.

The partnership with Trump-connected companies has boosted Cronos’ value, but past examples like the Official Trump cryptocurrency show high risk. Consider other investment options as Cronos may not guarantee strong performance. The Motley Fool Stock Advisor team has identified 10 better stocks for potential high returns. Stock Advisor’s average return is 1,049%, outperforming the S&P 500 by 864%.

Read more at Yahoo Finance: Why Cronos Is Skyrocketing This Week