Donald Trump’s Company Announces Completion of Hundreds of Millions of Tokens Purchase in This Altcoin

Trump Media & Technology Group Corp. (DJT) has completed its previously announced acquisition agreement with Crypto.com, purchasing 684.4 million units of the Cronos (CRO) altcoin. The company announced on Friday that the tokens were purchased for approximately $0.15, half in cash and half in stock. This amount represents approximately 2% of the current circulating CRO supply. An additional purchase of 19% of the circulating supply is planned through the Trump Media Group CRO Strategy. At current prices, the value of CRO 684.4 million comes to approximately $178 million. “We believe CRO has great potential as a fast and secure payment solution,” said Devin Nunes, Trump Media CEO and Chairman of the Board. “We are excited to add this innovative asset to our balance sheet.” Related News: Analysts Revealed: “Community Is Very Pessimistic About This Altcoin, But the Price Moves Contrary to the Community's Expectations” Under the agreement, CRO tokens will be integrated into Trump Media's Truth Social and Truth+ platforms as rewards using Crypto.com's digital wallet infrastructure. Trump Media Group CRO Strategy also signed a merger agreement with Yorkville Acquisition Corp., aiming to create a CRO-focused digital asset treasury. Kris Marszalek, CEO of Crypto.com, said, “This is the first step in creating value for CRO and the Cronos blockchain. We are proud to support Trump Media with our institutional-grade custody service.” DJT shares and CRO tokens received in the deal will be subject to the specified lockup period. *This is not investment advice. Continue Reading: Donald Trump’s Company Announces Completion of Hundreds of Millions of Tokens Purchase in This Altcoin