TMTG Acquires $105 Million in Cronos Tokens: A Strategic Move for Trump Media

Trump Media & Technology Group (TMTG), led by Devin Nunes, has acquired 684.4 million Cronos (CRO) tokens worth $105 million from Crypto.com, marking a significant investment in the cryptocurrency market. The deal, executed with a mix of stock and cash, represents approximately 2% of CRO’s circulating supply and positions TMTG as a key player within the crypto sector. This acquisition reflects a strategic move to leverage digital assets for operational needs and enhance its portfolio.