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Trump Media & Technology Group: Acquires Approximately 2% of CRO Circulating Supply
Summary: According to reports from globenewswire, Trump Media & Technology Group announced today that it has completed the previously announced acquisition agreement with Crypto.com. Under the agreement, Trump Media & Technology Group will acquire 6.844 billion Cronos (CRO) tokens at a price of approximately $0.153 per token, representing about 2% of the current circulating CRO supply. ...
According to reports from globenewswire, Trump Media & Technology Group announced today that it has completed the previously announced acquisition agreement with Crypto.com.
Under the agreement, Trump Media & Technology Group will acquire 6.844 billion Cronos (CRO) tokens at a price of approximately $0.153 per token, representing about 2% of the current circulating CRO supply. The transaction will be conducted with 50% stock and 50% cash in exchange for Crypto.com. In addition, Trump Media & Technology Group's CRO strategy company will acquire approximately 19% of the circulating CRO.
Trump Media & Technology Group will custody its CRO through Crypto.com's institutional-grade custody service, Crypto.com Custody, allowing them to earn additional income through token staking. The Trump Media & Technology Group stock and CRO tokens exchanged in the transaction will be subject to lock-up periods.
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Link: Trump Media & Technology Group: Acquires Approximately 2% of CRO Circulating Supply [Copy]
