RT BSCN (@BSCNews)TRUMP MEDIA ACQUIRES 684.4 MILLION CRO TOKENS, PARTNERS WITH CRYPTO[.]COM CUSTODY FOR SECURE STAKING- Trump Media and Technology Group has completed a major acquisition deal with Crypto[.]com, purchasing 684.4 million Cronos (CRO) tokens at an average price of 15.3 cents per token, marking a significant step in its digital asset strategy.- The deal, structured as a 50% cash and 50% stock exchange, represents approximately 2% of CRO’s current circulating supply, with Trump Media securing th ...

Acquisition and Partnership - Trump Media acquires 6844 million CRO tokens from Crypto[.]com at an average price of 153 cents per token [1] - The deal is structured as a 50% cash and 50% stock exchange, representing approximately 2% of CRO's current circulating supply [2] - Trump Media secures the assets under Crypto[.]com's institutional-grade custody solution for secure staking [1][2][5] Strategic Importance - Trump Media emphasizes CRO's potential as a versatile utility token for safe, fast payment and money transfer [2] - Crypto[.]com highlights the partnership as the first step to driving utility and value for CRO and the Cronos blockchain through staking and custody [2] Integration and Expansion - CRO token will be integrated into Truth Social and Truth+ platforms through a rewards system built on Crypto[.]com's digital wallet infrastructure [3] - Trump Media forms *Trump Media Group CRO Strategy, Inc.* to expand its digital asset treasury through a SPAC merger with Yorkville Acquisition Corp [3] Technology and Security - Cronos blockchain is known for its speed, scalability, and interoperability, providing a robust foundation for decentralized applications [4] - Cronos utilizes proof-of-authority consensus and enterprise-grade security for mainstream adoption [4]

Core Viewpoint - Trump Media has finalized a strategic partnership with Crypto.com, acquiring 684.4 million Cronos (CRO) tokens at approximately 15.3 cents per token, representing about 2% of the current circulating CRO supply [2][3] Company Overview - Trump Media operates the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, aiming to provide a safe harbor for free expression and family-friendly content [7] - Crypto.com, founded in 2016, is a leader in regulatory compliance and security in the cryptocurrency industry, with a vision of "Cryptocurrency in Every Wallet" [8] Strategic Partnership Details - The acquisition involves a 50% stock and 50% cash exchange, with the CRO tokens secured through Crypto.com's institutional-grade custody solution, allowing Trump Media to stake the tokens for additional revenue [2][3] - The partnership includes a mutual cooperation agreement to integrate the CRO token into the Truth Social and Truth+ platforms, creating a rewards system utilizing Crypto.com's digital wallet infrastructure [3] Business Combination - Trump Media Group CRO Strategy, Inc. has entered into a definitive agreement for a business combination with Yorkville Acquisition Corp, a SPAC, to form a digital asset treasury company focused on acquiring CRO [4]

Trump Media Teams Up With https://t.co/apLmNAcoco To Create World's Largest CRO TreasuryTrump Media & Technology Group, https://t.co/apLmNAcoco, and Yorkville Acquisition have entered a $6.42B agreement to launch Trump Media Group CRO Strategy, a crypto treasury company dedicated to acquiring Cronos (CRO) — the native token of the Cronos blockchain, which is developed by https://t.co/apLmNAcoco.The deal includes $1B worth of CRO, or 19% of the total supply, alongside $420M in cash and warrants, and a $5B eq ...

Core Viewpoint - Trump Media and Crypto.com have formed a strategic partnership to integrate the Cronos (CRO) cryptocurrency into Trump Media's platforms, enhancing user engagement through a rewards system and digital wallet infrastructure [2][4][5]. Group 1: Partnership Details - Trump Media will implement a rewards system on its Truth Social and Truth+ platforms utilizing Crypto.com's digital wallet and adopting CRO as a utility token [2][5]. - The partnership includes Trump Media purchasing approximately $105 million in CRO, representing about 2% of the total CRO market cap at the time of the announcement [5]. - Crypto.com will also invest $50 million in Trump Media's common stock, both transactions subject to a lockup period [5]. Group 2: Technology and Infrastructure - Cronos is described as a high-performance, interoperable blockchain that supports low-cost, high-speed smart contract deployment, facilitating the adoption of decentralized applications [3]. - The integration of CRO aims to provide users with the ability to convert earned gems into CRO and other benefits, enhancing the overall user experience on Trump Media's platforms [5]. Group 3: Strategic Goals - Trump Media's CEO emphasized the goal of making CRO the preferred utility token globally, positioning the company as an early adopter of this digital network [4]. - The partnership is seen as a significant step towards creating a digital asset treasury company focused on acquiring CRO, following the establishment of Trump Media Group CRO Strategy, Inc. [7].