律动BlockBeats
律动BlockBeats|Sep 05, 2025 13:21
[Trump Media & Technology Group: Acquired Approximately 2% of Circulating Supply of CRO] BlockBeats News, September 5, according to a report by GlobeNewswire, Trump Media & Technology Group announced today that it has completed the previously disclosed acquisition agreement with ((((Crypto.com)))). Under the agreement, Trump Media & Technology Group will acquire 684.4 million Cronos (CRO) tokens at a price of approximately $0.153 per token. The transaction involves a 50% stock and 50% cash swap with ((((Crypto.com)))). These tokens account for about 2% of the current circulating supply of CRO (in addition, Trump Media & Technology Group's CRO Strategy Company will acquire approximately 19% of the circulating CRO). Trump Media & Technology Group will use ((((Crypto.com))))'s institutional-grade custody service, ((((Crypto.com)))) Custody, to store its CRO. This will enable Trump Media & Technology Group to earn additional yields through staking the tokens. Both the Trump Media & Technology Group stock and CRO tokens exchanged in the transaction will be subject to lock-up period restrictions.
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