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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54 Articles
Trump Media and Crypto.com Team Up
In a bold move that further ties the Trump brand to the digital asset world, Trump Media & Technology Group (TMTG) has announced a wide-reaching strategic partnership with cryptocurrency exchange Crypto.com. The deal aims to integrate Crypto.com’s infrastructure into TMTG’s platforms, most notably by allowing users of Truth Social and Truth+ to convert in-app “gems” into Cronos (CRO) tokens. This partnership signals a significant push by both co…
Coverage Details
Total News Sources54
Leaning Left12Leaning Right2Center15Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 41%
C 52%
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