“All cryptos are pumping, but some are pumping more than others”…
… or whatever the famous George Orwell quote is.
(Don’t @ me, it’s been a long time since I’ve read Animal Farm.)
Either way, this quote is definitely facts, because just look at what Cronos is doing out here:
Absolutely bonkers. So, what happened?
Trump Media & Technology Group, Yorkville Acquisition Corp., and Crypto.com announced that they’re creating something called Trump Media Group CRO Strategy.
Their goal: build a CRO treasury worth at least $6.42B.
To put this in perspective, CRO’s market cap is ~$7.6B rn. So these guys wanna buy up roughly 85% of the entire supply.
That ain’t just buying a slice of the pie – that’s like buying most of the bakery.
The companies claim this would make them the first and biggest publicly traded CRO treasury company, and possibly even set a record for the biggest treasury-to-market-cap ratio in crypto history.
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In the announcement, Trump Media’s Chairman and CEO Devin Nunes basically said that financial markets are going digital, companies are building crypto treasuries, and they’re bullish on cryptocurrency’s future utility.
Translation: “Crypto isn’t going anywhere, and we want to get in early before everyone else figures it out.”
And it’s worth taking notes. Especially since this isn’t some random startup throwing $100 at crypto – this is a listed company with huge backing making a huge bet that crypto tokens should be treated like traditional treasury assets.
If more major companies follow, we’re potentially watching crypto evolve from “that thing weirdos trade” to “that thing Fortune 500 companies hold.”
And honestly, that’s a huge deal.
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Now you’re in the know. But think about your friends – they probably have no idea. I wonder who could fix that… 😃🫵 Spread the word and be the hero you know you are! |
