Trump Media Invest $105M in CRO Following Crypto.Com Treasury Agreement

The Media Media and Technology Group, the parent company behind Truth Social, has completed a $ 105 million purchase agreement with famous Crypto.com. This development follows the previous announcement of the Trump media group CRO Strategy Inc. To build a CRO wardrobe worth $ 6.42 billion.

Trump’s partnership for the media (CRO)

According to press release On September 5, Trump Media will receive 684.4 million CRO at about $ 0.153 per code. The payment structure is 50 % of the shares and 50 % cash, and both the distinctive CRO and Trump Media Media can not be sold to the imprisonment period (i.e., it cannot be sold immediately).

This slide accounts for about 2 % of the CRO supplies, separate from an additional 19 % of the offer adhered to the Trump Media Group CRO, Inc. (Related entity). Commenting on this deal, Trump’s CEO, Divin Nunes, has shared great potential from CRO in compatible with the company’s strategic goals.

Nunes said:

Trump is pleased with the media to close this agreement and quickly begin to fulfill our strategic partnership with Crypto.com. We are convinced that CRO has huge potential for widespread spread as a multi -use interest symbol and a superior form of safe and rapid payment and money transfer, and we are excited to add this innovative origin to our public budget.

It is worth noting that the American media company will nurse symbols using Crypto.com Custody, which also allows them to share CRO for the return (additional revenue). Kris Marszalek, co -founder of Crypto.com, is participating a lot of optimism on this aspect of the deal, praising the CRO symbol.

Marshal said:

This is the first of many steps to lead the benefit and value of CRO and Cronos Blockchain. We are proud to provide support to Trump Media with a better nursery solution in its class and generate additional value through the CRO model.

Meanwhile, the purchase agreement also provides a clause that allows TRTH Social to adopt CRO as a leading bonus system using Crypto.com.

CRO price overview

At the time of this report, CRO is traded at $ 0.26810, a decrease of 0.95 % over the past 24 hours, and its peak reached a loss of 16.42 % during the week. Besides this purchase deal with Crypto.com, the parent company of Trump Media Group CRO, Inc. It is a new entity that is scheduled to integrate with Spac Yorkville Acquisition Corp to form a dedicated treasury vehicle that focuses on getting CRO and its management.

Distinctive photo from Reuters, Chart from TradingView.com

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