Trump Media Group CRO Strategy Announced

Kris Marszalek's X account:

Trump Media Group CRO Strategy:

https://mcga.com/news/trump-media-group-cro-strategy-to-acquire-cro-digital-asset-treasury

YouTube AMA:

https://www.youtube.com/watch?v=E1cyiwiIPRc

Summary:

  • $1B of CRO to be acquired by $MCGA.
  • $DJT already acquired $105M CRO.
  • CRO will be the platform token for Truth Social.
  • $MCGA will acquire another $200M of CRO at completion.
  • Crypto.com will acquire $100M of CRO.
  • TMG will acquire $100M of CRO.
  • Yorkville will acquire $20M of CRO.
  • $MCGA will have $5B line of credit to purchase CRO.
  • $MCGA will hold CRO forever and stake all the CRO.
  • Flywheel effect: more funds raised, more CRO bought, prices appreciate, allowing for more funds to be raised and more CRO to be bought.

Sounds like they are going to buy a shitload of CRO and continue to buy even more CRO.

They also updated their Cronos.org website, quite cool.


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