Lates News

According to globenewswire, the Trump Media and Technology Group announced today that they have completed the previously announced acquisition agreement with Crypto.com. According to the agreement, the Trump Media and Technology Group will acquire 6.844 billion Cronos (CRO) tokens at a price of approximately $0.153 per token. The transaction will be conducted through a 50% stock and 50% cash exchange with Crypto.com. These tokens represent approximately 2% of the current circulating supply of CRO (in addition, the Trump Media and Technology Group's CRO strategy company will acquire approximately 19% of the circulating CRO). The Trump Media and Technology Group will custody their CRO through Crypto.com's institutional grade custody service, Crypto.com Custody, allowing them to earn additional income through staking tokens. The Trump Media and Technology Group's stock and CRO tokens exchanged in the transaction will be subject to lock-up periods.