Trump Media buys CRO for $105 million

INFBusiness
07.09.2025
Markets

The deal is finalized. Donald Trump's media company is investing in the exchange token Cronos (CRO). According to a press release, Trump Media is acquiring a total of 684.4 million CRO, valued at $105 million.
This means that the company, which is also behind the social media platform Truth Social, holds two percent of the total circulation. Further acquisitions are expected to add an additional 19 percent.
The media company is financing half of the deal with cash. Crypto.com will receive the remaining 50 percent in the form of shares, which may only be sold gradually after a holding period of 12 months.
Trump Media plans to stake the acquired CRO on Crypto.com to generate additional returns.
Both sides are full of praise for the completed deal. Trump Media CEO Devin Nunes says: “We believe CRO has tremendous potential to proliferate as a versatile utility token and a superior form of secure and fast payment and money transfer, and we are excited to add this innovative asset to our balance sheet.”
Crypto.com CEO Kris Marszalek: “This is the first of many steps to create utility and value for CRO and the Cronos blockchain.”
In terms of price, CRO hasn't yet capitalized on the completion of the acquisition. At the time of writing, the token is trading at $0.26, down nearly 30 percent since the deal was announced.
Through this deal, the US president's family is delving even deeper into the crypto industry – also to Trump's financial advantage. As the Wall Street Journal reports, the Republican's wealth is now said to consist largely of his shares in World Liberty Financial. Critics are therefore accusing the president of self-enrichment.

Recommended Video Bitcoin weak and gold stronger than ever – Is this the opportunity?