Overview

• Trump Media acquired 684.4 million CRO, about 2% of circulating supply, in a completed purchase reported at roughly $105 million.
• The consideration was split 50% cash and 50% DJT stock, making Crypto.com a shareholder of the media company.
• The CRO holdings will be kept in Crypto.com’s institutional custody under a lockup and staked to generate yield.
• CRO is slated for integration as payments and user rewards within Truth Social and the Truth+ streaming platform.
• The move is the first tranche in a SPAC-backed plan to build a larger CRO treasury, with initial market reaction described as muted.