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 Crypto.com for CRO Tokens
Trump Media & Technology Group (TMTG), linked to former U.S. President Donald Trump, has struck a major deal with Crypto.com, purchasing 684.4 million Cronos (CRO) tokens valued at $105 million.
The CRO tokens were purchased at $0.153 each, representing about 2% of the token’s circulating supply. The acquisition is part of a broader plan to integrate CRO into the Truth Social ecosystem, including the upcoming Truth+ streaming service.
According to the company, CRO will be used within a new incentive system, with the Crypto.com wallet serving as a key component.
Launch 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 treasury.
The new entity has already signed a definitive merger agreement with Yorkville’s SPAC firm, YA II PN, Ltd., paving the way for a public listing.
CEO 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 deal.
Trump 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 CRO.
With this latest move, the company is positioning itself not just as a media player, but also as a serious contender in the crypto economy.
