If the implication is that a receiver has X amount of watts to spread over the channels, that's not necessarily true. If that was the case, a 5 x 100 watt reciever would be capable of 500 W, with one channel driven. I'm not aware of any unit that will do that. True, the power supply will be the limiting factor as to whether the unit can make rated power with all channels driven simultaneously: most cannot.
Assuming your Denon has taps for an A & B speaker pair (you don't mention which model you have), and again assuming you can have both active at once, you should be able to have the A set drive the woofers & the B set drive the tweeters. NOTE: BE VERY SURE YOU REMOVE THE SHORTING STRIPS BETWEEN YOUR SPEAKERS INPUT TERMINALS! Else you'll have a mess.
The downside to this is that you won't likely be able to change the level of one output relative to the other. One way you could would be to use Y cables to split the L & R outputs of your CD player and run them into the 5.1/7.1 ch analog inputs of your Denon. Then hook up the speakers to the corresponding outputs, minding the above caveat about removing the shorting strip. The downside to this: only being able to use one input.
The best bet, if your particular Denon has preouts, it to simply get an outboard amp to run your speakers. The old AVR-1800 (and some of the series that replaced it) and above have preouts for the front 3 channels. You should be able to get a decent amp at a reasonable price.