Trump Media finalizes $105M Cronos purchase

Trump Media closed a $105 million agreement with Crypto.com for Cronos tokens

by Blockworks /

September 5, 2025 11:20 am

Damien Che/Shutterstock and Adobe

Trump Media & Technology Group announced on Friday that it closed a $105 million agreement with Crypto.com to acquire 684.4 million Cronos (CRO) tokens.

The purchase, priced at roughly $0.153 per token, represents about 2% of CRO’s circulating supply and was settled through a 50-50 mix of cash and Trump Media stock. Both the tokens and shares exchanged will be subject to a lock-up period, according to the company’s press release.

The acquired tokens will be held with Crypto.com Custody, its institutional-grade storage service, and staked to generate additional revenue.

Newsletter

Subscribe to The Breakdown

Trump Media said the partnership will also integrate CRO into Truth Social and Truth+ platforms as part of a rewards system using Crypto.com’s wallet infrastructure.

Devin Nunes, Trump Media’s chairman and CEO, called CRO a “versatile utility” for payments and transfers, while Crypto.com CEO Kris Marszalek described the deal as the first of many steps to expand adoption of the Cronos blockchain.

The purchase builds on Trump Media’s prior creation of Trump Media Group CRO Strategy, Inc., which has signed a definitive agreement to merge with Yorkville Acquisition Corp., a special-purpose acquisition company.

The new entity is designed to serve as a dedicated CRO treasury, targeting up to 19% of the token’s supply. The company presented the move as a long-term strategy to embed Cronos within its media and financial ecosystem, though it also acknowledged forward-looking risks tied to regulation, volatility, and competition in blockchain infrastructure.

This is a developing story.

This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication.

Get the news in your inbox. Explore Blockworks newsletters:

The Breakdown: Decoding crypto and the markets. Daily.
0xResearch: Alpha in your inbox. Think like an analyst.

Tags

Newsletter

The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Digital Asset Summit 2026

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

buy tickets learn more

recent research

Research

ERC 8004: Introducing Trust for AI Agents

ERC 8004 introduces a new trust layer for AI agents by standardizing onchain identity, reputation, and validation. As agents begin handling capital and coordinating autonomously, trust becomes the key constraint to broader adoption. The rollout mirrors the early x402 narrative, where adoption lagged the initial launch until major integrations and a viral use case pulled attention into the ecosystem. If ERC 8004 follows a similar path, downstream infrastructure tied to the standard could see outsized benefit as the narrative gains traction. The primary beneficiaries are likely to be agent frameworks and launchpads at the distribution layer, agent to agent coordination platforms that enable delegation and payments, and validation providers that offer stronger security and execution guarantees.

by Kunal Doshi