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COINOTAG News reports that Trump Media & Technology Group has completed the announced acquisition with Crypto.com, acquiring 6.844 billion Cronos (CRO) tokens at approximately $0.153 per token. The transaction consideration was structured as a 50% stock and 50% cash exchange, reflecting a blended financing approach in the deal documentation issued via GlobeNewswire.
The purchased tokens represent roughly 2% of the current circulating CRO supply, while the company’s separate CRO Strategy Company will acquire an additional ~19% of circulating supply, according to the filing. Custody of the assets will be provided through Crypto.com Custody, an institutional-grade custodial arrangement that permits on-chain staking to generate additional yield.
Both the stock issued and the exchanged CRO tokens will be subject to contractual lock-up periods, consistent with standard market practice for strategic transactions and investor protections outlined in the agreement. No forward-looking performance assertions are made beyond the transaction disclosures.
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