Trump Media is collaborating with Crypto.com to establish a Cronos treasury, backed by $6.4 billion. This treasury includes $1 billion in CRO token, $200 million in cash, $220 million in warrants, and a $5 billion equity line of credit from Yorkville. The 6.3 billion CRO tokens held would account for approximately 19% of the token supply. Trump Media plans to purchase $105 million in CRO, while Crypto.com will buy $50 million in Trump Media shares. The treasury aims to enhance Truth Social and its streaming service, Truth+, by integrating CRO as a utility token. Users will be able to earn rewards and convert them into CRO through the social media platform. This venture follows other successful crypto treasury initiatives, with the intention to leverage the growing cryptocurrency space to boost corporate value.

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