Trump Media to Build $6.4B CRO Treasury with Crypto.com

Trump Media and Technology Group (TMTG) has finalized a strategic $6.4 billion CRO treasury deal with Crypto.com. The company will acquire 684.4 million Cronos (CRO) tokens, worth about $105 million, through a 50/50 stock and cash exchange priced at around $0.153 per token.

The purchase represents about 2% of CRO’s circulating supply, while the overall treasury strategy will cover approximately 19% of the market. Both CRO tokens and company shares will be subject to an unspecified lock-up period.

Trump Media plans to utilize Crypto.com Custody for secure institutional-grade storage and stake the CRO tokens to establish a new revenue stream. CEO Devin Nunes highlighted CRO’s potential to become a widely adopted utility token, thanks to its fast and secure payment capabilities.

The partnership aims to integrate CRO into Truth Social and Truth+ as a reward mechanism, using Crypto.com’s digital wallet infrastructure. Trump Media supports the Cronos network as a scalable and secure foundation for decentralized applications across finance and commerce.

This collaboration aligns with the pro-crypto stance of the Trump administration. Crypto.com CEO Kris Marszalek also confirmed plans to launch digital asset ETFs later this year. The ETFs may include CRO, Bitcoin, Ethereum, Solana, and XRP, and will be available globally through brokerage platforms.