ꀍꂦꁅ
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@Crypto_Hog_
🇮🇹Artist | Musician | Crypto | NFTs | #crofam |#cro
Foris DAX Middle East has become the first Virtual Asset Service Provider to receive In-Principle Approval from the Central Bank of the UAE for a Stored Value Facilities license. Read more here 👉 crypto.com/us/company-new…
- A historic day for $CRO. Trump Media Group CRO Strategy announced a $6.42b U.S. Dollar treasury play. See the press release for more info on the proposed Business Combination and important info about $YORK, $YORKW and $YORKU. Here’s what you need to know: - A definitive agreement for a business combination with Nasdaq-listed $YORK to establish Trump Media Group CRO Strategy was signed today - at completion, it will trade as $MCGA — Make CRO Great Again - at completion, Trump Media Group CRO Strategy will be the WORLD’S LARGEST HOLDER of $CRO, with 6,313,000,212 CRO - This ~6.3 billion CRO tokens is worth approximately $1b as of the time of the announcement - separately, Trump Technology Media Group ($DJT) acquired $105m of $CRO and Crypto.com acquired $50m of $DJT - This brings the total $CRO under the Trump Media Group umbrella to ~7 billion tokens. - $CRO will become the PLATFORM TOKEN of Truth Social as a part of this broad, strategic partnership - at completion, Trump Media Group CRO Strategy is expected to have $200m CASH to acquire more CRO - Crypto.com and Trump Media Group are each chipping in additional $100m cash each via warrants and Yorkville is chipping in $20m cash via warrants, bringing the TOTAL CASH to ~$420m - the company will also have access to a further $5 BILLION LINE OF CREDIT from Yorkville to, yes, you guessed it right, acquire even more CRO - cumulatively, this will add up to an UNPRECEDENTED amount of DRY POWDER for any Digital Asset Treasury company, exceeding the total market cap of $CRO as of the time of announcement - to put it in perspective, to reach similar level of buying power and impact on Ethereum, leading ETH treasury companies would have to buy hundreds of billion of ETH — just unprecedented - Trump Media Group CRO Strategy will hold the CRO it acquires FOREVER - Trump Media Group CRO Strategy will stake the CRO it holds to further boost its CRO holdings and generate ROBUST REVENUES for $MCGA - let’s talk about $MCGA — all founding partners are fully committed to long term success for all $MCGA shareholders - This means 4 year LOCKUPS for Trump Media & Technology Group, Yorkville and Crypto.com and $MCGA management (12 months full lockup and then partial unlocks every 6/12 months) - very reasonable public float of 13% — original $YORK holders - this presents a differentiated opportunity for investors in the Digital Asset Treasury space - the mission of Trump Media Group CRO Strategy is to enhance shareholder value by maximising THE FLYWHEEL EFFECT: more funds raised, more CRO bought, prices appreciate, allowing for more funds to be raised and more CRO to be bought - as a result of the flywheel, one should expect Cronos to reach its FULL POTENTIAL as the backbone of all financial services, including powering payments for AI agents - it appears that the market has responded well to the news - In the wise words of the namesake of the soon-to-be world’s largest holder of CRO: THANK YOU FOR YOUR ATTENTION TO THIS MATTER - Here’s the official release: mcga.com/news/trump-med…
