Trump Media and Technology Group (DJT)The social father, who is associated with US President Donal Trump, closed a purchase agreement with Crypto Exchando Crypto.com, which gives it 684.4 million Crohnos Symbols.
Companies said that the treatment amounting to $ 105 million, the division between cash and stocks, amounts to about 2 % of the display of the distinctive symbol. In a press statement on Friday. They added that both CRO and Trump Media shares will remain closed for a specific period.
Djt and CRO were changed in Friday’s trade.
The agreement is part of a broader partnership between the two companies that will bring CRO to the social and true truth+ as a reward feature. Trump Media said it would store symbols with the Crypto.com Civilization Service and its participation to generate additional income.
Crypto.com CEO, Chris Marzazalek, said that the move is the beginning of CRO’s broader efforts, while the TROMP Devin Nunes head described the “multi -use” tool for payments and transfers.
The deal follows the media Trump Release From a separate entity, the CRO Media Group strategy, which is preparing to gain up to 19 % of the CRO supplies circulating through its planned SPAC. This project aims to create a digital asset cabinet that focuses on stacking symbols.
Trump is pushing the media deeper into financial assets and digital assets, and has revealed plans to launch multiple circulating investment funds that focus on encryption and managed investment products. The company also held two billion dollars in Bitcoin According to it Q2 report.
Read more: Trump Media, Crypto.com to build CRO Treasury 6.4 billion dollars, CRO jumps 25 %
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