TMTG acquires 684M CRO tokens as part of Crypto.com partnership
Trump Media & Technology Group (TMTG) closed a deal with Crypto.com to acquire 684.4 million Cronos (CRO) tokens, marking one of the largest corporate commitments to the digital asset so far.
The transaction, valued at roughly $178 million at current prices, was structured as a 50% stock and 50% cash exchange, according to the Sept. 5 announcement.
TMTG said it paid about $0.15 per token for the assets, which represent roughly 2% of CRO’s circulating supply.
Strategic partnership
The agreement expands a partnership designed to integrate CRO into Trump Media’s Truth Social and Truth+ platforms. The token will be used in a rewards system powered by Crypto.com’s wallet infrastructure.
The company said the arrangement also strengthens…
