Trump Media Pulls Back From Crypto Deals: Report
Bitcoin Magazine
Trump Media Pulls Back From Crypto Deals: Report
The President Donald Trump-backed media company, Trump Media and Technology Group, is pulling back from two of its crypto deals, according to a report by Axios.
The publication reported Friday that the two deals with Crypto.com โ a prediction market and treasury โ would not go ahead.
Citing comments from fusion energy company TAEโs interim CEO, Kevin McGurn, the publication said that Trump Media had pulled the deals as the market for digital asset treasury companies had become saturated over the past year.
Trump Media last year said it was working with crypto exchange Crypto.com to build a Cronos treasury with $6.4 billion in backing. Cronos is the native coin of Crypto.comโs platform.
It later in 2025 said it was working with Crypto.com on Truth Predict, a betting platform to allow users to put money on sports games, elections and other events.
Digital asset treasuries exploded in popularity last year, with companies following in the footsteps of Nasdaq-listed software company Strategy to build balance sheets with Bitcoin and other cryptocurrencies.
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