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 Partnership According to a press release, the purchased CRO tokens represent around two percent of its circulating supply. Trump Media will safeguard these holdings with Crypto.com custody, an institutional-grade platform that enables secure storage and staking. This setup allows Trump Media to earn additional revenue. This also helps build its Cronos treasury as the firm builds its long-term digital asset strategy. Devin Nunes, CEO and Chairman of Trump Media, described the acquisition as a move to strengthen the company’s fintech ambitions. He stated that CRO’s potential as a payment solution and fast settlement tool was part of the reason for establishing this Cronos treasury. Meanwhile, Crypto.com CEO Kris Marszalek noted that the partnership would showcase CRO’s utility and value, backed by secure custody and staking infrastructure. In addition to the token buy, there is product integration. Truth Social and Truth+ will also include CRO as the foundation to build a rewards system that runs on the wallet technology of Crypto.com. This marks one of the clearest steps yet in weaving blockchain-based incentives into Trump Media’s consumer platforms. This CRO purchase could be a part of the plan for Trump Media to have a one-billion-dollar Cronos treasury. This move also aligns with the launch of Trump Media Group CRO Strategy, Inc., a dedicated vehicle for establishing the Cronos treasury. That entity is pursuing a merger with Yorkville Acquisition Corp, a Nasdaq-listed SPAC. If successful, the new firm would concentrate on building a treasury centered on…
Filed under: News - @ September 5, 2025 6:31 pm