Trump Media & Technology Group the parent company of Truth Social, finalized a deal to acquire 684.4 million Cronos (CRO) tokens, valued at roughly $105 million, in a 50/50 stock-and-cash arrangement with Crypto.com.
The tokens amount to about 2% of CRO’s circulating supply and are an addition to the nearly 19% TMTG’s newly formed entity, Trump Media Group CRO Strategy, is planning to acquire.
Trump Media will store the tokens using Crypto.com’s institutional-grade custody services and stake them to generate revenue. Additionally, the company plans to integrate CRO into its platforms—Truth Social and Truth+—by creating rewards systems powered by the token.
Trump Media Chairman Devin Nunes described CRO as a “versatile utility token” suitable for fast, secure payments. Crypto.com CEO Kris Marszalek endorsed the deal as a key step toward wider real-world use for CRO.
This transaction marks a significant step in Trump Media’s broader plan to build a $6.4 billion CRO-focused crypto treasury, including substantial token holdings, cash reserves, and equity mechanisms via its SPAC partnership with Yorkville Acquisition Corp.