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Trump Media and Crypto.com have completed an acquisition protocol, planning to acquire 684.4 million CRO.
According to Deep Tide TechFlow news, on September 5th, Trump Media Technology Group ( Nasdaq, NYSE Texas: DJT ) announced that it has completed the acquisition agreement with Crypto.com. According to the agreement, Trump Media will acquire 684.4 million Cronos ( CRO ) tokens at a price of approximately 15.3 cents per coin, with the transaction conducted using 50% stock and 50% cash, representing about 2% of the current circulating supply of CRO. Trump Media will custody these tokens through Crypto.com Custody and will be able to stake for earnings. This collaboration also includes the integration of CRO tokens into Truth Social and Truth+ platform as part of the rewards system.
At the same time, Trump Media Group CRO Strategy, Inc., a newly established entity by Trump, has reached a business merger agreement with Yorkville Acquisition Corp(Nasdaq: YORK), which will focus on the acquisition and management of CRO Tokens, further expanding its digital asset strategic layout.