James Richardson
Trump Media & Technology Group Corp. (DJT) has officially completed its landmark agreement with Crypto.com, acquiring 684.4 million Cronos (CRO) tokens. The deal, valued at roughly $178 million, was structured as a 50% stock and 50% cash exchange, with each token priced at around $0.15.
The purchase represents nearly 2% of CROโs circulating supply, and it comes alongside a broader strategy by Trump Media Group CRO Strategy Inc., which is expected to acquire as much as 19% of the CRO market supply in future stages.
CRO Integration Into Truth Social Ecosystem
Trump Media highlighted that the acquisition is part of a strategic partnership with Crypto.com to integrate CRO into Truth Social and Truth+. The token will serve as a rewards and payment mechanism, supported by Crypto.comโs wallet infrastructure.
โOur belief is that CRO will evolve into a powerful utility token for fast and secure payments. Adding this innovative digital asset to our balance sheet underscores our long-term vision,โ said Devin Nunes, CEO and Chairman of Trump Media.
Strategic Partnership and Custody Solution
As part of the agreement, Trump Mediaโs CRO holdings will be safeguarded through Crypto.comโs institutional-grade custody services. Both the CRO tokens and Trump Media shares exchanged under the deal will be subject to a lockup period.
Crypto.comโs cofounder and CEO Kris Marszalek emphasized that this collaboration is only the beginning:
โThis is the first step toward building greater value and utility for CRO within the Cronos blockchain. Our custody solutions and staking model will deliver long-term benefits for Trump Media.โ
Market Reaction and Wider Trump Crypto Moves
At the time of the announcement, DJT shares dipped 1.5% to $16.51, while CRO traded down 1.5% to $0.26, giving the token a market cap of $8.8 billion with a total circulating supply of 33.6 billion CRO.
The deal follows a series of Trump family-linked crypto ventures, including the debut of World Liberty Financial tokens, the Nasdaq launch of American Bitcoin (ABTC), and Thumzupโs planned expansion into Dogecoin mining rigs.
