{
    "id": 47614,
    "date": "2025-09-06T08:54:04",
    "date_gmt": "2025-09-06T01:54:04",
    "guid": {
        "rendered": "https:\/\/hbbgroup.net\/trump-media-closes-crypto-com-deal-to-build-6-4b-cro-treasury\/"
    },
    "modified": "2025-09-06T08:54:04",
    "modified_gmt": "2025-09-06T01:54:04",
    "slug": "trump-media-closes-crypto-com-deal-to-build-6-4b-cro-treasury",
    "status": "publish",
    "type": "post",
    "link": "https:\/\/hbbgroup.net\/en_us\/trump-media-closes-crypto-com-deal-to-build-6-4b-cro-treasury\/",
    "title": {
        "rendered": "Trump Media closes Crypto.com deal to build $6.4B CRO treasury"
    },
    "content": {
        "rendered": "<div data-gtm-locator=\"articles\" data-v-43e640e6>\n<article id=\"article-214147\" data-v-43e640e6>\n<p itemprop=\"description\" data-v-43e640e6> Trump Media said it would purchase 684.4 million CRO tokens as part of a deal with the exchange following a joint venture to create a crypto treasury. <\/p>\n<div data-v-43e640e6><picture><source media=\"(min-width: 1200px)\" ><source media=\"(min-width: 992px)\" ><source media=\"(min-width: 768px)\" ><source media=\"(min-width: 480px)\" ><img  loading=\"eager\" fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1434\/https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01991b63-ab38-725e-9924-6d1269a7dbfe\" alt=\"Trump Media closes Crypto.com deal to build $6.4B CRO treasury\"><\/picture><\/div>\n<div data-v-43e640e6>\n<div data-v-43e640e6>\n<p>Trump Media &#038; Technology Group, the parent of US President Donald Trump\u2019s Truth Social platform, finalized an agreement with crypto exchange Crypto.com on Friday that establishes a new entity to accumulate the exchange\u2019s native Cronos (<a href=\"http:\/\/cointelegraph.com\/cronos-cro-price-index\">CRO<\/a>) token, beginning with an initial purchase of 684.4 million CRO as part of a joint treasury strategy.<\/p>\n<p>In a Friday notice, Trump Media <a data-ct-non-breakable=\"null\" href=\"https:\/\/s3.amazonaws.com\/b2icontent.irpass.cc\/2660\/rl157514.pdf\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">said<\/a> it would buy the tokens at a price of approximately $0.153 each, bringing the total initial purchase to nearly $105 million. The transaction will be carried out as an equal exchange of stock and cash between the companies.<\/p>\n<p>The announcement followed Trump Media Group CRO Strategy, a joint venture established by Trump Media, Crypto.com and Yorkville Acquisition, to establish a $6.4 billion crypto treasury of the CRO token.\u00a0<\/p>\n<p>According to the company, the agreement will allow Truth Social users to potentially acquire CRO on the platform as part of a rewards program. <\/p>\n<p>The Trump Media shares and the CRO tokens exchanged in the deal will be \u201csubject to a lockup period,\u201d though the company did not specify for how long that might be.<\/p>\n<p><iframe width=\"100%\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/1LjPqXtuPnc?start=\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen loading=\"lazy\"><\/iframe><\/p>\n<p>The deal represented a deepening of ties between the crypto industry and the Trump administration, under scrutiny from many lawmakers for potential conflicts of interest with his digital asset ventures. <\/p>\n<p data-ct-non-breakable=\"undefined\">Crypto.com CEO Kris Marszalek <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/trump-white-house-crypto-summit-bitcoin-reserve-policy\" title=\"null\">attended a March summit<\/a> at the White House at the request of Trump officials to discuss the administration\u2019s digital asset policies.\u00a0<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/donald-trump-crypto-ceo-kris-marszalek\" title=\"null\"><em><strong>Trump meets with Crypto.com CEO as firm drops SEC lawsuit<\/strong><\/em><\/a><\/p>\n<p>Crypto.com <a href=\"https:\/\/cointelegraph.com\/news\/trump-media-partners-with-crypto-com-to-launch-etfs\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/cointelegraph.com\/news\/trump-media-partners-with-crypto-com-to-launch-etfs\">signed a non-binding agreement<\/a> with Trump\u2019s media company in March to launch exchange-traded funds tied to crypto.<\/p>\n<p>The CRO price was about $0.27 at the time of publication, having surged more than 66% since the announcement of the treasury deal on Aug. 26.<\/p>\n<h2>Is Crypto.com still considering going public?<\/h2>\n<p>In a Tuesday interview, Marszalek <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/crypto-com-ceo-bets-fed-rate-cut-fuel-crypto-markets-in-q4\" title=\"null\">said the company<\/a> \u201chas the numbers\u201d to do a public listing in the US, but had not reached a decision. According to the CEO, Crypto.com had $1.5 billion in revenue in 2024, speculating that 2025 could be even more profitable.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"17793750\"><\/template><\/p>\n<p>The crypto exchange still holds naming rights over the former Staples Center in Los Angeles, rebranded to the Crypto.com Arena in 2021.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/astrology-could-make-you-better-crypto-trader-heres-why\/\" title=\"null\"><em><strong>Astrology could make you a better crypto trader: It has been foretold<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>\n<p><img decoding=\"async\" alt src=\"https:\/\/zoa.cointelegraph.com\/pixel?postId=214147&#038;regionId=1\" data-v-43e640e6><\/p>\n<\/div>\n<\/div>",
        "protected": false
    },
    "excerpt": {
        "rendered": "<p>Trump Media said it would purchase 684.4 million CRO tokens as part of a deal with the exchange following a [&hellip;]<\/p>",
        "protected": false
    },
    "author": 1,
    "featured_media": 47615,
    "comment_status": "open",
    "ping_status": "open",
    "sticky": false,
    "template": "",
    "format": "standard",
    "meta": {
        "_acf_changed": false,
        "footnotes": ""
    },
    "categories": [
        220
    ],
    "tags": [],
    "class_list": [
        "post-47614",
        "post",
        "type-post",
        "status-publish",
        "format-standard",
        "has-post-thumbnail",
        "hentry",
        "category-tien-dien-tu"
    ],
    "acf": [],
    "_links": {
        "self": [
            {
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/47614",
                "targetHints": {
                    "allow": [
                        "GET"
                    ]
                }
            }
        ],
        "collection": [
            {
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts"
            }
        ],
        "about": [
            {
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/types\/post"
            }
        ],
        "author": [
            {
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/users\/1"
            }
        ],
        "replies": [
            {
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/comments?post=47614"
            }
        ],
        "version-history": [
            {
                "count": 0,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/47614\/revisions"
            }
        ],
        "wp:featuredmedia": [
            {
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media\/47615"
            }
        ],
        "wp:attachment": [
            {
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media?parent=47614"
            }
        ],
        "wp:term": [
            {
                "taxonomy": "category",
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/categories?post=47614"
            },
            {
                "taxonomy": "post_tag",
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/tags?post=47614"
            }
        ],
        "curies": [
            {
                "name": "wp",
                "href": "https:\/\/api.w.org\/{rel}",
                "templated": true
            }
        ]
    }
}