Tron Inc. Files Ambitious Plan with SEC to Grow TRX Holdings with $1B
Nasdaq-Listed Tron Inc. Copies From Strategy's Playbook with Bitcoin, as the Justin Sun backed Company Sets Sights on Expanding TRX Reserves Through $1B SEC-Approved Securities Offering
Tron Inc. has unveiled a bold plan to raise up to $1 billion through a mixed securities offering. The company filed the plan with the U.S. Securities and Exchange Commission (SEC) on Monday.
Formerly known as SRM Entertainment, the Justin Sun-backed company recently completed a reverse merger two weeks ago and rebranded as Tron Inc., taking the Nasdaq ticker TRON.
With its new identity and this ambitious fundraising plan, Tron Inc. is signaling its intent to serve as a powerful treasury vehicle for the TRON ecosystem. A key part of that plan is to significantly expand its TRX holdings, the native token of the TRON blockchain.
Tron Inc. Leverages Mixed Securities to Build Treasury Reserve
Tron Inc. plans to raise the $1B through a mixture of common and preferred stock, debt securities, warrants, and rights. This shelf registration statement gives the company the regulatory “go-ahead” to issue securities over time rather than all at once.
They further revealed that their treasury reserve strategy will comprise cash, short-term equivalents, and TRX. “We view our TRX token holdings as long-term holdings and expect to continue to accumulate TRX tokens,” Tron Inc. noted in the SEC filing, describing its TRX holdings as long-term strategic assets.
Tron Inc.’s TRX reserves are currently above 365 million TRX tokens following the reverse merger.
Market Impact on TRX and Tron Stock
The market has reacted somewhat enthusiastically towards the news. TRX is currently trading at $0.32, up 0.5% from the previous day and 2.4% over the last 7 days. Tron Inc.’s stock also surged over 13%, trading above $10.30. In fact, since June 10, the firm’s stock price has soared by over 1,300%, pushing its market capitalization past $200 million, according to data from Yahoo Finance.
Tron is aligning with the trend of crypto treasury firms like Strategy with Bitcoin by betting on TRX and including it as a key asset class within its institutional portfolio. Analysts are now closely watching how this strategy may influence demand, price stability, and utility of TRX within DeFi and for cross-border payments.
