Korn Ferry(US:KFY) Benzingaยท2025-09-09 18:27Core Insights - Trump Media & Technology Group Corp. (DJT) has introduced an update to its Truth Social platform, which includes a new "Patriot Package" for paid subscribers, enhancing user engagement and integrating with Crypto.com's wallet infrastructure [1][5]. Group 1: Platform Updates - The "Patriot Package" offers paid members features such as post editing, server-side drafts, and scheduling tools for their posts, referred to as "truths" [2]. - The update introduces "Truth gems," a rewards asset linked to Crypto.com's Cronos (CRO), and improvements to the Truth Search AI, which utilizes conversation history and version histories [2][5]. Group 2: Financial Transactions - Trump Media & Technology has finalized a purchase agreement with Crypto.com to acquire approximately 684.4 million CRO tokens at around $0.153 per token, representing about 2% of the current circulating supply [4]. - The company aims to acquire an additional ~19% stake in circulating CRO through a separate entity, Trump Media Group CRO Strategy, Inc. [4]. Group 3: Revenue Generation Strategy - The CRO tokens will be held with Crypto.com Custody, allowing for staking to generate potential yield, indicating a strategy to create incremental revenue through staking [5]. - The overall feature set aims to enhance engagement on Truth Social while establishing a cross-platform rewards economy that connects social activity, streaming, and fintech [5]. Group 4: Background Context - Reports indicate that the Trump family profited significantly during the president's time in office, with an estimated $3.4 billion earned, including $2.3 billion from their cryptocurrency business [6]. - The family's stake in World Liberty Financial, a crypto business, is estimated to be around $5 billion based on their holdings of 22.5 billion WLFI tokens [6]. Group 5: Market Performance - As of the latest update, DJT shares are trading slightly lower, down 0.23% to $17.01 [7].