A $ 105 million agreement was concluded between Trump Media & Technology Group, Yorkville Acquisition Corp. And crypto.com to acquire 684.4 million chips CRO Crypto (CRO) at around $ 0.153 each. The purchase amounts to approximately 2% of the food in circulation of the token and will be placed in institutional custody.
Devin Nunes, managing director of Trump Media, described the purchase of declaration of confidence in the role of CRO as a payment token.
“We are convinced that CRO has enormous potential to propagate largely as a versatile utility token and a higher form of safe payment and fast money transfer,” he said.
Kris Marszalek of Crypto.com added that he marks “the first of the many stages to conduct the usefulness and the value for CRO and the Cronos blockchain”.
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Trump Media plans to bring Cro to his social truth and truth + platforms, deploying a reward system via the crypto.com portfolio that could make the token a basic payment channel inside his ecosystem.
To formalize the strategy, companies have trained the Trump Cro Strategy media group, Inc., which will merge with a SPAC and will operate as a digital asset treasure.
All this comes in the middle of the adoption of companies of cryptographic treasury. According to Architect Partners, companies listed in the United States have already announced $ 133 billion this year, compared to $ 82 billion in 2024. It is a sign of the accelerated appetite by Wall Street for the Blockchain exhibition.
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What the Trump media agreement means for Cronos investors
Business treasury bills are increasingly investing in crypto, moving their balance sheets in Bitcoin and still smaller altcoins. Cronos now between this mixture with the additional weight of the Trump family and the Pro-Crypto political momentum.
The total value is locked and the action of the prices remains strong, but the sale of whales always occurs in the shovel. If the strategy takes place, Cronos could go from a mid -level blockchain in a wider network of payments with political support.
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Main to remember
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Trump Media & Technology Group agreed with Crypto.com to acquire 684.4 million chips Cro Crypto (CRO).
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The corporate treasury bills move more deeply into the crypto, moving balance sheets in Bitcoin and still smaller altcoins.
The post Trump Media and Crypto.com have bet Big on Cro Crypto while the Boom of the Treasures of Digital Assets appeared first on 99Bitcoins.
