Trump Media Group strikes a $6.4B Cronos deal—crypto meets politics
A high-stakes $6.4 billion agreement has been unveiled between Trump Media Group (TMTG), Crypto.com, and Yorkville Acquisition Corp to form the Trump Media Group CRO Strategy. This venture will amass significant amounts of Crypto.com’s CRO tokens, buying $105 million worth while Crypto.com takes $50 million in TMTG stock. Backed by a $5 billion credit line, the move has already triggered a 35% surge in CRO token prices. This deal signals deeper entanglements between U.S. political power and the crypto industry.
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