By Nicholas G. Miller
President Trump's media company Trump Media agreed to acquire 684.4 million Cronos, a cryptocurrency, from Crypto.com for about 15.3 cents per token, in a half-stock, half-cash transaction worth $104.7 million.
The tokens represent 2% of the current circulating supply of Cronos, Crypto.com's native cryptocurrency and blockchain network.
The agreement will also enable Cronos to be integrated into Trump Media's Truth Social and Truth+ platforms as part of a rewards system.
Trump Media previously formed a separate company called Trump Media Group CRO Strategy, which has partnered with a special-purpose acquisition company to form a company focused on the acquisition of Cronos.
President Trump has embraced cryptocurrency during the first months of his term with several family members and associates engaged in various crypto ventures. Trump Media has accumulated billions of dollars in bitcoin.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
September 05, 2025 10:21 ET (14:21 GMT)
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