{"id":45960,"date":"2025-09-05T14:17:00","date_gmt":"2025-09-05T14:17:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=45960"},"modified":"2025-09-05T14:17:00","modified_gmt":"2025-09-05T14:17:00","slug":"trump-media-closes-on-purchase-of-105m-in-cronos-tokens-in-crypto-com-deal","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=45960","title":{"rendered":"Trump Media Closes on Purchase of $105M in Cronos Tokens in Crypto.com Deal"},"content":{"rendered":"<div>\n<p>Trump Media and Technology Group (DJT), the parent of Truth Social linked to U.S. President Donal Trump, closed a purchase agreement with crypto exchange Crypto.com that gives it 684.4 million Cronos (CRO) tokens.<\/p>\n<p>The $105 million transaction, split between cash and stock, amounts to about 2% of the circulating supply of the token, the firms said <a href=\"https:\/\/ir.tmtgcorp.com\/news-events\/press-releases\/#b2iLibScrollTo\">in a Friday press release<\/a>. Both CRO and Trump Media\u2019s shares will remain locked up for a set period, they added.<\/p>\n<p>DJT stock and CRO were both little-changed in Friday trade.<\/p>\n<p>The agreement is part of a broader partnership between the two companies that will bring CRO into Truth Social and Truth+ as a rewards feature. Trump Media said it will store the tokens with Crypto.com\u2019s custody service and stake them to generate additional income.<\/p>\n<p>Crypto.com CEO Kris Marszalek said the move marks the beginning of wider adoption efforts for CRO, while Trump Media chair Devin Nunes called the token a &#8220;versatile utility&#8221; tool for payments and transfers.<\/p>\n<p>The deal follows Trump Media\u2019s <a href=\"https:\/\/www.coindesk.com\/business\/2025\/08\/26\/trump-media-crypto-com-to-build-usd6-4b-cro-treasury-firm-cro-jumps-25\">launch<\/a> of a separate entity, Trump Media Group CRO Strategy, which is preparing to acquire up to 19% of CRO\u2019s circulating supply through a planned SPAC merger. That venture aims to create a digital asset treasury focused on stacking CRO tokens.<\/p>\n<p>Trump Media is pushing deeper into finance and digital assets, revealing plans to roll out multiple crypto-focused ETFs and managed investment products. The firm also held $2 billion in bitcoin (BTC), according to its <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/03\/trump-media-confirms-usd2b-bitcoin-treasury-and-usd300m-options-strategy-in-q2-2025-earnings-report\">Q2 report<\/a>.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/business\/2025\/08\/26\/trump-media-crypto-com-to-build-usd6-4b-cro-treasury-firm-cro-jumps-25\">Trump Media, Crypto.com to Build $6.4B CRO Treasury Firm, CRO Jumps 25%<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trump Media and Technology Group (DJT), the parent of Truth Social linked to U.S. President Donal Trump, closed a purchase agreement with crypto exchange Crypto.com that gives it 684.4 million Cronos (CRO) tokens. The $105 million transaction, split between cash and stock, amounts to about 2% of the circulating supply of the token, the firms [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-45960","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45960"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45960\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}