Trump Media Technology Group acquires 2% of CRO circulation for about $10.5 million

Odaily Planet Daily News Trump Media Technology Group announced that it has completed an acquisition agreement with Crypto.com to purchase 684.4 million Cronos (CROs) at about $0.153 per coin for a transaction amount of approximately $10.5 million. The transaction is completed in 50% stock and 50% cash, and the purchased tokens account for about 2% of the current CRO circulation. It is reported that this batch of tokens will be hosted on Crypto.com's institutional-level custody platform, Crypto.com, and can obtain additional income through staking. The exchange of CROs and Trump Media Technology Group shares are both locked (Globenewswire)