Trump Media Buys $105M in CRO After Crypto.com Deal

Key Highlights Trump Media buys 684M CRO tokens worth $105M CRO to power Truth Social’s new incentive ecosystem New entity set to manage $6.42B CRO treasury Trump Media Seals $105M Deal With ￰0￱ for CRO Tokens Trump Media & Technology Group (TMTG), linked to former ￰1￱ Donald Trump, has struck a major deal with Crypto. com, purchasing 684.4 million Cronos (CRO) tokens valued at $105 ￰2￱ CRO tokens were purchased at $0.153 each, representing about 2% of the token’s circulating ￰3￱ acquisition is part of a broader plan to integrate CRO into the Truth Social ecosystem, including the upcoming Truth+ streaming ￰4￱ to the company, CRO will be used within a new incentive system, with the ￰5￱ wallet serving as a key ￰6￱ of New CRO-Focused Entity In addition to the token purchase, Trump Media announced the creation of Trump Media Group CRO Strategy, Inc., a subsidiary that will manage a $6.42 billion CRO ￰7￱ new entity has already signed a definitive merger agreement with Yorkville’s SPAC firm, YA II PN, Ltd., paving the way for a public ￰8￱ Devin Nunes called the move a strategic step forward: “We believe CRO has tremendous potential for widespread adoption as a universal utility token and a secure, fast payment solution.

We’re excited to add this innovative asset to our balance sheet.” Following the announcement, CRO prices climbed over 3% on Binance, signaling market optimism about the ￰9￱ Media is already a significant holder of Bitcoin and has previously applied to launch an ETF backed by a basket of crypto assets, now including ￰10￱ this latest move, the company is positioning itself not just as a media player, but also as a serious contender in the crypto economy.