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Trump Media Closes Deal Acquiring 684M CRO Tokens
The Trump family deepens its relationship with Crypto.com, with the now-finalized nine-figure deal.
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Trump Media & Technology Group (DJT) announced Friday it had acquired 684.4 million Cronos (CRO) tokens from Crypto.com, paying roughly $0.15 per token in a 50/50 mix of stock and cash. The deal values the token purchase at around $178 million and represents 2% of the total CRO supply in circulation.
What’s the Scoop?
- Strategic acquisition: The CRO purchase is part of a broader partnership between Trump Media and Crypto.com that includes integrating CRO into the Truth Social and Truth+ platforms for a future rewards system.
- Bigger CRO ambitions: Trump Media is also backing a new entity, Trump Media Group CRO Strategy Inc., which has entered into a deal with Yorkville Acquisition Corp to become a dedicated CRO-focused digital asset treasury firm.
- Conditional valuation: While companies described the broader partnership as worth up to $6.4 billion, most of that value hinges on future credit line drawdowns.
- Trump-linked crypto surge: The move follows a busy week of Trump-affiliated crypto headlines, including the public launch of World Liberty Financial tokens and the Nasdaq debut of American Bitcoin.
Trump Media Goes All-In on Crypto.com Partnership on Bankless
Trump Media is putting the CRO token at the center of its Truth Social ecosystem and will create a treasury company for the token.
Bankless Aug 26, 2025 • 1 min read