US EditionTrump Media (DJT) Takes $105M in Cronos (CRO) Tokens in Crypto.com Deal
Trump Media acquired 2% of Cronos tokens in a $105 million deal to integrate CRO into Truth Social for payments and rewards, with plans to stake tokens for income.
- On Friday, September 5, Trump Media & Technology Group closed a purchase agreement with Crypto.com, acquiring 684.4 million Cronos tokens in a $105 million stock and cash deal.
- Trump Media & Technology Group has been building crypto treasuries, including a Bitcoin treasury recently crossed $2 billion, and announced an August 26 CRO treasury strategy to secure up to $6.4 billion in tokens.
- Trump Media said it will store the CRO tokens with Crypto.com Custody and stake them to generate income, integrating CRO into Truth Social and Truth+ as a rewards feature using Crypto.com's wallet infrastructure.
- Markets reacted as CRO jumped over 2%, with TradingView data showing a rise from $0.268 to $0.274, and Crypto.com becoming an investor in Trump Media while token and share lock-up remains for a set period.
- The company has formed a SPAC‑backed vehicle to pursue more CRO acquisitions, with Trump Media Group CRO Strategy, Inc. aiming to acquire an additional 19% of CRO circulating supply.
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Trump Media Closes Major Deal With Crypto.com, CRO Token
Strategic partnership integrates CRO token into Truth Social and Truth+ platforms, with Trump Media acquiring 2% of circulating supply. Trump Media & Technology Group Corp. (TMTG), the company behind Truth Social, announced today it has completed a significant purchase agreement with Crypto.com, a global leader in cryptocurrency services. The deal solidifies a new strategic partnership […] Trump Media Closes Major Deal With Crypto.com, CRO Token
Trump Media closes purchase agreement with Crypto.com
"We’re convinced that CRO has tremendous potential to spread widely as a versatile utility token and a superior form of safe, fast payment and money transfer, and we’re excited to add this innovative asset to our balance sheet," Trump Media CEO Devin Nunes said
Trump Media Acquires 684M CRO for Cronos Treasury
The post Trump Media Acquires 684M CRO for Cronos Treasury appeared on BitcoinEthereumNews.com. A deal with Crypto.com has led to the establishment of a Cronos Treasury by the Trump Media and Technology Group. The company confirmed the acquisition of 684.4 million Cronos (CRO) tokens. This is valued at about $105 million, in a transaction split between stock and cash. Trump Media Expands Fintech Vision With Cronos Treasury and Crypto.com Partner…
Trump Media announced the closing of a recently informed agreement with Crypto.com for the acquisition of $684.4 million, today valued at $183 million. *** Trump Media acquires 684.4 million Cronos tokens valued at $183 million. It is part of a previously announced agreement with Crypto.com to bet on CRO. It paid each token at 15 cents and will now incorporate them as rewards to Truth Social. CRO extends profits after skyrocketing over 80% in th…
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