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Trump Media Closes $105 Million Purchase of 684.4 Million CRO Tokens in Crypto.com Deal

TMTG plans to scale the position through a SPAC-backed CRO treasury now in development.

Overview

  • The transaction was structured roughly 50% cash and 50% stock, making Crypto.com a Trump Media shareholder with both the CRO and DJT shares under lockup.
  • Trump Media will custody the tokens with Crypto.com Custody and stake them for yield, while preparing CRO rewards and payments features inside Truth Social and Truth+.
  • The purchase price was reported at about $0.15 per token for roughly 2% of CRO’s circulating supply.
  • A separate unit, Trump Media Group CRO Strategy, is pursuing a merger with Yorkville Acquisition Corp. to build a larger CRO-focused treasury aimed at up to 19% of circulating supply.
  • Initial market reaction was muted, with DJT and CRO trading little changed or down about 1% to 1.5% after the announcement.