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$CRO Rockets as Trump Media Bets Big on Cronos, All You Need To Know 

$CRO surged 26.6% in the past hour after a blockbuster announcement from Trump Media Group. The company revealed plans to launch CRO DAT in partnership with Crypto.com.

The big twist? Trump Media Group will buy $105 million in $CRO for its balance sheet. That’s 685,427,004 CRO tokens at current prices.

This isn’t just another partnership. It’s a bold bet on Cronos and its future in digital asset finance.

The Deal That Changes Everything

Today, Trump Media Group signed a definitive agreement with Nasdaq-listed $YORK.

At completion, the merged entity will trade as $MCGA, Make CRO Great Again.

Once the dust settles, Trump Media Group CRO Strategy will become the largest holder of $CRO in the world. We’re talking 6,313,000,212 CRO tokens worth about $1 billion as of this announcement.

That’s not all. Trump Technology Media Group ($DJT) also bought $105 million in $CRO. At the same time, Crypto.com grabbed $50 million worth of $DJT stock.

When you add everything up, the Trump Media ecosystem now controls nearly 7 billion CRO tokens.

CRO Becomes the Truth Social Token

As part of this partnership, $CRO will be the official platform token for Truth Social.

The new entity, Trump Media Group CRO Strategy, plans to have $200 million in cash at launch. That’s fresh capital aimed at buying even more $CRO.

But the war chest doesn’t stop there.

  • $100 million each from Trump Media and Crypto.com via warrants
  • $20 million more from Yorkville
  • Total immediate cash: $420 million

And sitting behind it all is a $5 billion line of credit from Yorkville. That’s right, up to $5 billion, all aimed at acquiring $CRO.

This scale of capital is unheard of in the Digital Asset Treasury world. It even exceeds $CRO’s total market cap at the time of this announcement.

For perspective: to match this impact on Ethereum, buyers would need hundreds of billions in ETH.

CRO Long-Term Commitment

Trump Media Group CRO Strategy says it will hold the CRO it buys forever.

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Not only that, it will stake all CRO holdings to generate robust revenues for $MCGA.

Founding partners have agreed to long lockups:

  •  Trump Media & Technology Group: 4 years
  •  Yorkville: 4 years
  •  Crypto.com: 4 years

$MCGA management: 12-month full lockup, then staggered unlocks every 6-12 months

The public float? Just 13%, held by the original $YORK investors.

This creates a rare opportunity for digital asset treasury investors.

The Effect And Market Reaction

The mission is clear: maximize the flywheel effect.

More funds raised → more CRO bought → prices rise → more funds raised → even more CRO bought.

Trump Media Group CRO Strategy believes this will unlock Cronos’ full potential.

That means becoming the backbone of financial services, from payments to AI-powered transactions.

With ~7 billion CRO already locked in, plus billions more in potential buys, the market is clearly watching.

The response? Immediate and bullish.

$CRO jumped 26.6% in the last hour on the news. Volumes spiked. Traders poured in.

Analysts call this a game-changer for digital asset treasuries.

Trump Media Group CRO Strategy is now positioned as the largest CRO whale in the world, with plans to keep buying.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

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