Trump Media Accelerates Crypto Portfolio With $6.4B Deal With Crypto.com
Trump Media is unveiling a digital asset treasury platform to get the $CRO crypto token in new collaboration with Crypto.com and Yorkville Acquisition Corp. As per the reports, Trump Media has agreed to purchase $105M in $CRO in return for Crypto.com’s buyout of $50M Trump Media shares.
As the official statement from Trump Media discloses, the collaborators are putting nearly $6.4B into the Trump Media Group CRO Strategy, Inc., its exclusive crypto entity devoted to acquiring $CRO, the Cronos ecosystem’s native token. In this respect, Cronos and Crypto.com started collaborating back in February.
Trump Media’s agreement includes the purchase of $105M in the form of $CRO tokens. In return for this, Crypto.com…
