Tron Inc., a newly rebranded entity from a reverse merger with SRM Entertainment, plans to raise up to $1 billion to deepen its TRX holdings. This marks one of the largest crypto treasury expansions outside of Bitcoin.
Plans to Increase TRX Holdings
In a recent SEC filing, Tron Inc. disclosed its intent to raise up to $1 billion through various forms including common stock, preferred stock, debt securities, and rights. The stated goal is to expand its TRX treasury holdings, which currently exceed 365 million tokens.
Stock Surge of the Company
Since the merger with SRM Entertainment on June 10, Tron Inc. shares have increased over 1,300%. Following the announcement of the funding plan, shares closed above $11.80, resulting in a market capitalization exceeding $200 million.
New Corporate Treasury Strategy
Tron Inc.'s strategy focuses on maintaining a diversified mix of assets, including TRX, cash, and short-term market instruments. The emphasis remains on TRX accumulation, which distinguishes it from traditional treasury models that primarily focus on Bitcoin.
Tron Inc.'s plans to raise additional capital for TRX accumulation highlight a growing trend of utilizing corporate treasuries for cryptocurrency investments, potentially influencing the market significantly in the future.
