The Trump Media & Technology Group, and religion from the American truth platform Donald Trump, ended an agreement with Crypto Exchango.com on Friday, which determines a new entity for the original Chronus exchange for exchange (CrooThe distinctive symbol, starting with the initial purchase of 684.4 million CRO as part of the shared treasury strategy.
On Friday notice, the media Trump He said The symbols will buy at about $ 0.153 each, up to the total initial purchase of approximately $ 105 million. The transaction will be implemented equal exchange of shares and criticism between companies.
This advertisement came after the Trump Media Group Strategy, a joint venture established by Trump Media, Crypto.com and Yorkville Acquisition, to create a Crypto wardrobe worth $ 6.4 billion from CRO Tokeen.
According to the company, the agreement will actually allow social users to obtain CRO on the platform as part of the reward program.
Trump’s shares will be subject to the media and CRO symbols that were exchanged in the deal to the “imprisonment period”, although the company has not specified the period in which it may be.
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The deal represented the deepening of relations between the encryption industry and the Trump administration, under checking from many legislators to conflict of potential interests with its digital asset projects.
Crypto.com CEO Chris Marzalek He attended the March Summit At the White House, at the request of Trump officials to discuss the policies of the administration’s digital assets.
Related to: Trump meets with Crypto.com CEO while SEC falls a lawsuit
Crypto.com A non -binding agreement signed With Trump Media Company in March to launch the boxes circulating on the encryption stock exchange.
The price of CRO was about $ 0.27 at the time of publication, as more than 66 % rose since the treasury deal was announced on August 26.
Is Crypto.com still thinking about the advertisement?
In an interview on Tuesday, Marszalek The company said “He has numbers” to make a public list in the United States, but it has not reached a decision. According to the CEO, Crypto.com has achieved $ 1.5 billion in revenue in 2024, equal that 2025 may be more profitable.
The exchange of encryption still carries the rights of the naming on the former Staples Center in Los Angeles, renamed to Arena Crypto.com in 2021.
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