Trump Media finalized a deal with Crypto dot com today, forming a new entity to accumulate CRO, starting with an initial purchase of 684.4M CRO (~$105M).
The entity, Trump Media Group CRO Strategy, is a joint venture with Crypto dot com and Yorkville Acquisition, aiming to build a $6.4B CRO treasury.
The treasury will actively manage CRO, run a validator on Cronos, and reinvest staking rewards to expand holdings.
The venture plans to list on Nasdaq under ticker MCGA and become the largest CRO holder (~19% supply).
Truth Social will integrate CRO for user rewards, powered by Crypto dot com’s wallet infrastructure.
Source: Cointelegraph
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