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Trump Media and Technology Group has inked a major strategic deal with Crypto.com to integrate the exchange’s wallet infrastructure and adopt CRO as a utility token for Truth Social.
What’s the Scoop?
- Dual Investment Deal: Trump Media will buy $105M worth of CRO (~2% of supply), while Crypto.com will acquire $50M in DJT shares.
- New CRO Treasury Vehicle: Trump Media Group CRO Strategy Inc. will merge with SPAC Yorkville Acquisition Corp. to list under the ticker MCGA, aiming to become the world’s largest CRO holder with ~6.3B tokens.
- CRO Utility in Truth Social: CRO will be used for subscriptions and rewards, enabling users to convert in-app “gems” into tokens.
- Treasury Strategy: Trump Media plans to custody and stake its CRO with Crypto.com, earning revenue from the holdings.
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