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Trump Media and Technology Group, the parent company behind Truth Social, has now completed a $105 million purchase agreement with popular digital exchange Crypto.com. This development follows the previous announcement of the Trump Media Group CRO Strategy Inc. to build a $6.42 billion CRO treasury.
Trump Media Strategic Cronos (CRO) Partnership
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According to a press release on September 5, Trump Media will acquire 684.4 million CRO at about $0.153 per token. The payment structure is 50% stock and 50% cash, and both the CRO tokens and Trump Media shares received will be subject to a lockup period (i.e., cannot be sold immediately).
This tranche represents about 2% of CRO’s circulating supply,
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