Trump Media and Crypto.com Close Purchase Agreement

VoM News Desk | September 5, 2025 | 07:37 PM IST | Breaking News, Business, World | Follow on Google News

Trump Media and Crypto.com Close Purchase Agreement: Trump Media to Exchange Cash and Stock for Cronos (CRO) as Part of New Strategic Partnership

SARASOTA, Fla., Sept. 05, 2025 (GLOBE NEWSWIRE) — Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“Trump Media”), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced today it has closed its recently announced purchase agreement with Crypto.com.

The agreement provides that Trump Media will acquire 684.4 million Cronos (CRO) tokens at a price of approximately 15.3 cents per token as part of a 50% stock, 50% cash exchange with Crypto.com. The tokens represent approximately 2% of the current circulating CRO supply (in addition to approximately 19% of the CRO circulating supply to be acquired by Trump Media Group CRO Strategy, Inc, as described below). Trump Media will secure its CRO with Crypto.com Custody, Crypto.com’s institutional-grade custody offering, which will enable Trump Media to stake it for additional revenue generation. The Trump Media shares and CRO tokens exchanged in the deal will both be subject to a lockup period.

Trump Media’s CEO and Chairman Devin Nunes said, “Trump Media is pleased to close this agreement and quickly begin to fulfill our strategic partnership with Crypto.com. We’re convinced that CRO has tremendous potential to spread widely as a versatile utility token and a superior form of safe, fast payment and money transfer, and we’re excited to add this innovative asset to our balance sheet.”

Crypto.com Co-Founder and CEO Kris Marszalek said, “This is the first of many steps to driving utility and value for CRO and the Cronos blockchain. We are proud to provide support to Trump Media with our best-in-class custody solution and generate additional value through CRO’s staking model.”

The agreement is a part of partnership that includes a mutual cooperation agreement, which enables the CRO token to be integrated into the Truth Social and Truth+ platforms as part of a pioneering rewards system using Crypto.com’s digital wallet infrastructure.

This strategic partnership follows the separate announcement of a newly formed entity, Trump Media Group CRO Strategy, Inc., which has entered into a definitive agreement for a business combination with Yorkville Acquisition Corp (Nasdaq: YORK), a special-purpose acquisition company (SPAC) sponsored by Yorkville Acquisition Sponsor LLC, to form a digital asset treasury company focused on acquisition of CRO.

Cronos is a high performance, interoperable blockchain designed for speed, scalability, and seamless connectivity between networks, making it a strong foundation for the future American digital economy. It enables low-cost, high-speed smart contract deployment and smooth integration with other major blockchain ecosystems, unlocking widescale adoption of decentralized applications in finance, commerce, and public infrastructure, without the congestion or costs of legacy networks. With its proof-of-authority consensus, robust validator set, and enterprise-grade security, Cronos delivers the performance and reliability needed to power mission-critical applications at scale.

Crypto.com is a long-time supporter of the open-source Cronos blockchain project, and has incorporated the CRO token and the Cronos protocol into various offerings provided to its customer base to provide exposure to blockchains and the benefits in how they operate in a safe, secure, and regulated environment.

About Trump Media

The mission of Trump Media is to end Big Tech’s assault on free speech by opening up the Internet and giving people their voices back. Trump Media operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. Trump Media is also launching Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.