Trump Media and Crypto.com Collaborate to Launch Exchange Token SPAC

Reported about 10 hours ago

Trump Media and Technology Group, alongside Crypto.com, is set to launch a new crypto treasury firm through a special purpose acquisition company (SPAC) named Trump Media Group CRO Strategy. This venture aims to accumulate substantial amounts of Crypto.com's native token, CROS, with an initial exchange of 684 million CRO tokens valued at approximately $105 million. The collaboration reflects a growing trend of companies integrating digital assets into their financial strategies, showcasing the potential of cryptocurrency in the market.

Source: YAHOO

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