#Trump Media Seals $6.4B CRO Treasury Deal with Crypto ๐บ๐ธ๐ฐ
Trump Media & Technology Group (TMTG) โ parent company of Truth Social โ has finalized a partnership with Crypto.com to build a $6.4 billion CRO token treasury. The agreement includes an initial purchase of 684.4 million CRO at about $0.153 each, valued near $105 million, split evenly between stock and cash.
The new entity, Trump Media Group CRO Strategy, was formed by TMTG, Crypto.com, and Yorkville Acquisition to manage the treasury and integrate CRO into Truth Socialโs rewards program. Both Trump Media shares and CRO tokens will be subject to a lock-up period.
The deal strengthens ties between the Trump administration and the crypto sector, drawing scrutiny from lawmakers over possible conflicts of interest.
Crypto.com CEO Kris Marszalek confirmed the company is considering a U.S. public listing, citing $1.5 billion in 2024 revenue and strong growth expectations for 2025. Following the treasury announcement, CRO surged 66% to $0.27.