US EditionTrump family crypto empire expands with Crypto.com partnership
The $6.42 billion treasury will hold approximately 19% of CRO's total market cap, supported by $200 million cash and a $5 billion credit line to back the Cronos ecosystem.
- Trump Media & Technology Group and Crypto.com will form a company to accumulate the cryptocurrency platform's native token cronos, strengthening Trump's ties to the crypto industry.
- The new company, Trump Media Group CRO Strategy, will go public via a merger with Yorkville Acquisition Corp and trade on the Nasdaq under the 'MCGA' symbol.
- Funding for the venture will include $1 billion in cronos tokens, $200 million cash, $220 million in warrants, and a $5 billion equity line of credit.
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117 Articles
Trump Media, Crypto.com Plan $6.4 Billion CRO Treasury
Trump Media & Technology Group, backed by President Donald Trump, is partnering with Crypto.com to establish a $6.4 billion CRO token treasury. CRO is the native token of the Cronos blockchain, developed by Crypto.com. The new venture, named Trump Media Group CRO Strategy, will be funded primarily through a $5 billion equity line of credit from the blank-check company Yorkville, alongside cash and token holdings. The other sources of funding in…
Trump Media's Crypto Treasury Bet Sends This Token Soaring 30% — Bitcoin, Ethereum Left In Dust
Cronos (CRYPTO: CRO) rallied sharply on Tuesday after Trump Media & Technology Group Corp. (NASDAQ:DJT) announced a deal to set up a cryptocurrency treasury company centered on the token. CRO Lights Up Crypto Market CRO, the native token of cryptocurrency exchange Crypto.com, popped over 30% in the last 24 hours, reaching levels last seen more than eight months ago. CRO topped the daily cryptocurrency gainers list, leaving high-profile coins li…
Here’s the latest reason why Trump Media’s DJT stock is climbing, thanks to crypto
Trump Media is making another crypto play. On Tuesday, Crypto.com and Trump Media & Technology Group, owner of President Donald Trump’s Truth Social social media network, announced their intention “to launch a rewards system on the Truth Social and Truth+ platforms”—using Crypto.com’s digital wallet and Cronos (CRO) digital currency as a utility token. The move marks yet another example of the president’s ties to the crypto industry, as Trump ha…
Trump Media & Technology Group and Crypto.com have signed an agreement with the flexible capital acquisition company Yorkville Acquisition to create a cryptofinancial company focused on the purchase and possession of CRO tokens, the native cryptocurrency of the Cronos ecosystem.Crypto.com will transfer CRO 684,4 million worth about 105 million dollars ($90.2 million) to Trump Media in exchange for 2.8 million of its shares and 50 million dollars…
Why Trump Media Stock Is Jumping Today @themotleyfool #stocks $DJT
Key PointsA deal was announced today between Trump Media and Crypto.com to create a new company that will go public via a SPAC deal. The new entity will be a crypto accumulation company. But instead of Bitcoin or Ethereum, it will accumulate Cronos. 10 stocks we like better than Trump Media & Technology Group › Shares of Trump Media & Technology Group (NASDAQ: DJT) are jumping on Monday, up 7% as of 1:34 p.m. ET. The jump comes as the S&P 500 an…
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