- Trump Media purchased 684M CRO tokens worth $105M in a stock and cash deal with Crypto.com.
- The CRO acquisition forms part of a $6.4B joint treasury strategy with Yorkville Acquisition.
- CRO tokens will integrate into Truth Social platforms with custody support from Crypto.com.
Trump Media and Technology Group, parent of Truth Social, has completed a $105 million purchase of Cronos (CRO) tokens from Crypto.com. The transaction involved 684.4 million tokens, split evenly between stock and cash. The agreement builds on Trump Media’s broader digital asset treasury strategy with key institutional partners.
Breakdown Of The $105 Million CRO Transaction
Trump Media said it acquired 684.4 million CRO tokens at a purchase price of about $0.15 per token. At the time of announcement, the tokens were worth nearly $105 million. Based on current market value, the holding amounts to approximately $178 million, reflecting about 2 percent of circulating supply.
The agreement was structured as a 50 percent stock and 50 percent cash exchange with Crypto.com. Both Trump Media’s shares and the CRO tokens included in the deal are subject to a lockup period, although the companies did not disclose how long the restriction will last.
Officials confirmed that the transaction builds on Trump Media Group CRO Strategy, a joint venture created with Crypto.com and Yorkville Acquisition Corp. The entity aims to secure as much as $6.4 billion in CRO tokens through future drawdowns from a credit line.
CRO Integration And Custody Strategy
The companies said the agreement allows the CRO token to be integrated into Trump Media’s Truth Social and Truth+ platforms. Users may access CRO as part of a planned rewards system supported by Crypto.com’s digital wallet services. This approach expands CRO’s role beyond a treasury asset to a consumer-focused utility.
Trump Media CEO Devin Nunes said, “We’re convinced that CRO has tremendous potential as a versatile utility token and a superior form of safe, fast payment and money transfer.” Crypto.com CEO Kris Marszalek added that the firm will provide institutional-grade custody for the CRO holdings and support staking to generate added value.
He described the agreement as the “first of many steps” in building broader adoption of the token. Following the announcement, Trump Media’s shares (ticker DJT) traded down 1.5 percent to $16.51. Cronos was priced at $0.26, down 1.5 percent, with a circulating supply of 33.6 billion tokens and a market capitalization of $8.8 billion.
