Trump Media taps Crypto.com for $6.4B CRO strategic treasury
Trump Media and Technology Group Corp. (TMTG) closed a purchase agreement with Crypto.com on Friday. The initiative is meant to provide the company with 684.4 million Cronos (CRO) tokens worth around $105 million.
The digital assets will be purchased at approximately $0.153 per token as part of an equal stock and cash exchange with the cryptocurrency platform. According to the report, the tokens represent roughly 2% of CRO’s current circulating supply. The tokens also add to approximately 19% of the tokens circulating supply, which will be acquired by the Trump family-backed company’s CRO strategy.
Trump Media turns to CRO staking for new revenue stream
🚨 Breaking News:
Today is a historic day for $CRO
Trump Media Group…
