Trump Media finalizes $105M Cronos purchase

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

by Blockworks /
article-image

Damien Che/Shutterstock and Adobe

share

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.

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:

Tags

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

Upcoming Events

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.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

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.

recent research

Unlocked by Template.png

Research

Institutional staking providers specialize in offering secure, compliant, and scalable solutions for organizations, asset managers, and individuals who wish to stake large volumes of digital assets. Staking-as-a-Service Providers (SaaSPs) act as intermediaries, running blockchain nodes and managing the technical complexities of staking on behalf of clients, often providing custody, reporting, and yield optimization features across a broad range of assets and networks.

article-image

The plan is to scale PayPal USD with Spark’s liquidity framework, building sustainable stablecoin markets

by Blockworks /
article-image

The company introduced a dollar-backed stablecoin to power instant payments and microtransactions for AI-driven web platforms

by Blockworks /
article-image

The plan is to make GameShift the “consumer portal” that bridges non-crypto gamers into Web3

article-image

Google backs $1.4B of obligations and takes 5.4% stake as Cipher expands AI data center footprint

by Blockworks /
article-image

Nine banks plan MiCA-regulated token to challenge dollar dominance and strengthen Europe’s payments autonomy

by Blockworks /
article-image

Sponsored

The FAIR L1 embeds encrypted execution into the consensus layer and removes the transparency window that makes MEV possible

by Sponsored /