Trump Media & Technology Group, parent company of Truth Social, partners with Crypto.com to create a new entity to hold the exchange’s CRO token. Initial purchase of 684.4 million CRO worth nearly $105 million. Deal allows Truth Social users to potentially earn CRO. Shares and tokens are subject to a lockup period.

Partnership between Trump Media, Crypto.com, and Yorkville Acquisition establishes a $6.4 billion crypto treasury of CRO token. Agreement allows Truth Social users to potentially acquire CRO on platform as part of rewards program. Deal deepens ties between crypto industry and Trump administration, raising concerns about conflicts of interest.

Crypto.com CEO Kris Marszalek attended White House summit in March at the request of Trump officials. Trump Media signed non-binding agreement with Crypto.com in March to launch exchange-traded funds tied to crypto. CRO price surges more than 66% to $0.27 since treasury deal announcement on Aug. 26.

Crypto.com CEO Marszalek hints at potential US public listing, citing $1.5 billion revenue in 2024. Company still considering decision. Crypto exchange retains naming rights to Crypto.com Arena in Los Angeles. Magazine explores how astrology could improve crypto trading skills.

Read more at Cointelegraph: Trump’s Media Company Closes $105M Crypto.com Deal