Trump Media & Technology Group, which owns the Truth Social platform, completed a deal with Crypto.com, acquiring 684.4 million Cronos ($CRO) tokens for about $105 million. The deal, announced on September 5, 2025, was conducted on terms of 50% payment in stock and 50% in cash, at a price of about $0.153 per token. This represents about 2% of the current circulating supply of CRO. The tokens will be stored in Crypto.com's institutional custody with the option for staking to earn additional income.
The deal is part of a strategic partnership that involves integrating CRO into the Truth Social and Truth+ platforms as a rewards system based on the Crypto.com wallet. Trump Media CEO Devin Nunes called CRO a universal tool for payments and transfers. Additionally, Trump Media has created a subsidiary, Trump Media Group CRO Strategy, Inc., which plans to acquire up to 19% of the circulating supply of CRO through a merger with SPAC Yorkville Acquisition Corp. This is a step towards creating a cryptocurrency treasury of $6.4 billion.
The deal underscores the growing interest of corporations in digital assets, despite potential regulatory risks. Subscribe to #MiningUpdates for the latest news!
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