Tron Inc. Wants $1 Billion To Stack More TRX—Yeah, You Read That Right
- Tron Inc. is aiming to raise $1B to boost its TRX holdings, already over 365 million strong.
- Since merging with Justin Sun’s blockchain project, the company’s stock has skyrocketed 1,300%.
- Crypto treasury strategies are spreading fast, with firms now stacking BTC, BNB, and TRX on their books.
Tron Inc.—yep, the one that used to trade as a penny stock under SRM Entertainment—is now gunning for a cool $1 billion raise to load up on even more TRX tokens. After its recent reverse merger with Justin Sun’s Tron blockchain, the company’s going full steam ahead on building out a crypto treasury.
According to a fresh SEC Form S-3 filing, they’re planning to raise the cash through a mix of, well… everything: common stock, preferred stock, debt, warrants, rights—you name it. Basically, whatever gets them closer to that billion-dollar goal.
Right now, the firm already holds more than 365 million TRX, and this new capital raise would turbocharge that stash.
From Penny Stock to TRX Powerhouse
Just a few months back, this was a little-known penny stock. Now? Tron Inc. stock is flying—up over 1,300% since June 10, per Yahoo Finance. On Monday alone, shares popped 23% to around $11.80 after word got out about the fundraising effort. Wild, right?
The company said in the filing that they see TRX as a long-term asset. Their strategy? Stack tokens, hold ’em, and maybe scoop more. Simple enough.
Before this, they aimed to build a $210 million TRX reserve. They’d already locked in $100 million in equity support to kick that off. Now they’re setting sights way higher.
Crypto Treasuries Are Catching Fire
Tron Inc. isn’t the only one getting creative with corporate treasuries. We’ve seen this movie before—Michael Saylor and Strategy (you know the one) kicked off the trend with Bitcoin, and now others are following suit.
Currently, public companies hold over 923,000 BTC, per BitcoinTreasuries.NET. Japan’s Metaplanet just bought another 780 BTC, raising its total to 17,132. In the UK, Satsuma Technologies raised $135 million last week for what’s apparently one of the country’s biggest BTC treasury buys ever.
Even Canada’s getting in on the action. The Bitcoin Treasury Corporation is prepping a relisting on the TSX after locking in $92 million in BTC funding.
Oh, and it’s not just Bitcoin anymore. Former Coral Capital execs have reportedly pulled in $100M to build a treasury focused on BNB. Yup—Binance Coin treasuries are now a thing.
The post Tron Inc. Wants $1 Billion To Stack More TRX—Yeah, You Read That Right first appeared on BlockNews.
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Tron Inc. Wants $1 Billion To Stack More TRX—Yeah, You Read That Right
- Tron Inc. is aiming to raise $1B to boost its TRX holdings, already over 365 million strong.
- Since merging with Justin Sun’s blockchain project, the company’s stock has skyrocketed 1,300%.
- Crypto treasury strategies are spreading fast, with firms now stacking BTC, BNB, and TRX on their books.
Tron Inc.—yep, the one that used to trade as a penny stock under SRM Entertainment—is now gunning for a cool $1 billion raise to load up on even more TRX tokens. After its recent reverse merger with Justin Sun’s Tron blockchain, the company’s going full steam ahead on building out a crypto treasury.
According to a fresh SEC Form S-3 filing, they’re planning to raise the cash through a mix of, well… everything: common stock, preferred stock, debt, warrants, rights—you name it. Basically, whatever gets them closer to that billion-dollar goal.
Right now, the firm already holds more than 365 million TRX, and this new capital raise would turbocharge that stash.
From Penny Stock to TRX Powerhouse
Just a few months back, this was a little-known penny stock. Now? Tron Inc. stock is flying—up over 1,300% since June 10, per Yahoo Finance. On Monday alone, shares popped 23% to around $11.80 after word got out about the fundraising effort. Wild, right?
The company said in the filing that they see TRX as a long-term asset. Their strategy? Stack tokens, hold ’em, and maybe scoop more. Simple enough.
Before this, they aimed to build a $210 million TRX reserve. They’d already locked in $100 million in equity support to kick that off. Now they’re setting sights way higher.
Crypto Treasuries Are Catching Fire
Tron Inc. isn’t the only one getting creative with corporate treasuries. We’ve seen this movie before—Michael Saylor and Strategy (you know the one) kicked off the trend with Bitcoin, and now others are following suit.
Currently, public companies hold over 923,000 BTC, per BitcoinTreasuries.NET. Japan’s Metaplanet just bought another 780 BTC, raising its total to 17,132. In the UK, Satsuma Technologies raised $135 million last week for what’s apparently one of the country’s biggest BTC treasury buys ever.
Even Canada’s getting in on the action. The Bitcoin Treasury Corporation is prepping a relisting on the TSX after locking in $92 million in BTC funding.
Oh, and it’s not just Bitcoin anymore. Former Coral Capital execs have reportedly pulled in $100M to build a treasury focused on BNB. Yup—Binance Coin treasuries are now a thing.
The post Tron Inc. Wants $1 Billion To Stack More TRX—Yeah, You Read That Right first appeared on BlockNews.
Read More