Trump Media Invests $105 Million in Cronos Tokens: Expanding Digital Asset Holdings

Trump Media and Technology Group (TMTG) has significantly expanded its digital asset holdings with a strategic investment of $105 million in Cronos (CRO) tokens. The company acquired approximately 684.4 million CRO tokens from Crypto.com, representing around 2% of the circulating supply. This purchase further solidifies TMTG’s commitment to leveraging blockchain technology and enhancing its presence within the financial technology sector. The deal was executed using a combination of stock and cash and will be managed through Crypto.com’s secure institutional-grade custody platform, ensuring safe storage and potential revenue generation via staking.