Trump Media and Technology Group (DJT), the organization behind Truth Social, announced on Wednesday its intention to distribute a new digital token to shareholders via a partnership with Crypto.com.
The token will be created using Crypto.com’s Cronos blockchain. In a press release, Trump Media stated that upon the program’s launch, each shareholder will receive one token for every whole share of DJT they hold.
Token holders can also expect to receive rewards throughout the year, which may include potential benefits or discounts related to Trump Media’s offerings, such as Truth Social, the Truth+ streaming service, and Truth Predict, as stated by the company.
U.S. president Donald Trump holds the majority stake in Trump Media and Technology and has expressed a positive view on the crypto sector in 2025, declaring in November his aspiration for the U.S. to transform into a “bitcoin superpower.”
“We anticipate leveraging Crypto.com’s blockchain technology and enhancing regulatory clarity to execute this pioneering token distribution, reward Trump Media shareholders, and foster fair and transparent markets,” said CEO and chairman Devin Nunes in a statement.
Shares of Trump Media saw an increase in pre-market trading, with DJT reaching $12.97, marking a 3.18% rise. Crypto.com’s native token, CRO, initially surged by 3.8% following the news, although it subsequently retraced some of those gains.
Trump Media indicated that more information regarding the token distribution will be revealed in the upcoming year.
