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CRO surged to a three-year high after Trump Media announced a $6.4 billion Cronos treasury.
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The reserve includes 6.3B CRO tokens, cash, and warrants, plus a $5B equity line of credit.
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CRO will be staked and integrated into Truth Social and Truth+ as a utility token.
Trump Media’s CRO Push
Cronos (CRO), the native coin of the Cronos network tied to Crypto.com, surged more than 80% in a week after Trump Media and Technology Group announced it would build a $6.4 billion treasury. The new entity, Trump Media Group CRO Strategy, will hold billions in CRO tokens and position the coin as part of the Truth Social ecosystem.
Treasury Details
The treasury is seeded with 6.3 billion CRO tokens, initially worth $1 billion but rising to over $1.6 billion. It also includes $200 million in cash and $220 million in warrants, with an additional $5 billion equity line of credit to fuel future purchases. Trump Media also pledged to buy $105 million worth of CRO, while Crypto.com will invest $50 million in Trump Media shares.
Integration with Truth Platforms
The CRO treasury will be staked via Crypto.com’s custody service, generating yield. Additionally, Trump Media plans to launch a rewards system across its Truth Social and Truth+ platforms, with CRO serving as a utility token.
