Summary
- The Block reported that Trump Media bought about 684,400,000 Chronos (CRO).
- The purchase price was 0.15 dollars per unit, totaling 100 million dollars, and the contract was said to be an exchange of 50% stock and 50% cash.
- The purchase was reported as part of Trump Media's strategy to strengthen ties with the crypto-asset ecosystem.
On the 5th (local time), according to crypto-asset (cryptocurrency) specialized media The Block, Trump Media purchased approximately 684,400,000 Chronos (CRO).
The purchase price was about 0.15 dollars per unit, and the total purchase size amounts to about 100 million dollars. Earlier in August, Trump Media signed a contract with Crypto.com for the purchase of CRO, and the transaction structure at the time was reported as an exchange of 50% stock and 50% cash.
This purchase is interpreted as part of Trump Media's strategy to further strengthen its ties with the crypto-asset ecosystem.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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