Core Insights - Tron Inc. has expanded its TRON (TRX) token treasury holdings to over $220 million, reinforcing its position in the blockchain and digital assets sector [1][4]. Group 1: Financial Developments - Bravemorning Limited exercised warrants worth $110 million to purchase restricted common shares, adding 312,500,100 TRX tokens to the treasury [2]. - This transaction increases Bravemorning's total equity investment in Tron Inc. to $210 million, making it the controlling shareholder with 86.6% ownership [3]. - The additional investment strengthens Tron Inc.'s position as the largest public holder of TRX tokens [4]. Group 2: Strategic Initiatives - In June 2025, Tron Inc. launched its TRX Treasury Strategy through a Securities Purchase Agreement with Bravemorning, totaling $210 million in investments [5]. - The company aims to capture growth in blockchain adoption, digital payments, and Web3 infrastructure [4]. Group 3: Market Position - The TRON network is one of the largest blockchain ecosystems, with over 328 million user wallets and approximately 82.6 billion in TRC-20 USDT, accounting for nearly 50% of total USDT circulation globally [6]. - In 2024, total USDT settlement on the Tron blockchain reached approximately $5.5 trillion, with 1H2025 recording over $3.6 trillion, up around 50% from the same period last year [6]. Group 4: Company Overview - Tron Inc. is a publicly traded company focused on blockchain-integrated treasury strategies and is committed to transparency and decentralized finance for long-term value creation [7]. - The company also designs and manufactures custom merchandise for major theme parks and entertainment venues, leveraging popular entertainment franchises [7].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 001-40510 Corner Growth Acquisition Corp. 2 (Exact name of registrant as specified in its charter) Cayman Islands 98-15827 ...

Financial Performance - Tron Inc, a publicly traded company, reported over $111 million in shareholders' equity for Q2 [1] Company Information - Tron Inc (Nasdaq: TRON) is identified as the publicly traded company with the largest TRX holdings [1]

Financial Performance - The company reported a net income of $1,467,855 for the three months ended June 30, 2025, compared to a loss of $520,971 in the prior-year period [3] - The company paid off the remaining $500,000 on its promissory note, leaving no debt other than operating accounts payable [3] - Tron Inc. ended the second quarter of 2025 with over $111 million in shareholders' equity, marking an extraordinary over 3,500% year-over-year increase from under $3.1 million in the same period of 2024 [3] Strategic Positioning - Management attributes the rapid growth to a disciplined cost structure, low cash burn rate, and strategic investments in high-growth digital assets [4] - The strong financial position is expected to fuel upcoming expansion initiatives, including enhancing the digital asset portfolio and advancing the blockchain-entertainment ecosystem [4] - The CEO stated that Tron Inc. is exceptionally well-positioned to seize opportunities in the fast-evolving digital economy, emphasizing the robust balance sheet and operational discipline [5] Company Overview - Tron Inc. is a publicly traded company pioneering blockchain-integrated treasury strategies and holds the largest TRON (TRX) tokens among public companies [5] - The company designs, develops, and manufactures custom merchandise for major theme parks and entertainment venues, with products based on award-winning multi-billion-dollar franchises [5]

Group 1 - TRON made its debut on the Nasdaq on July 24, 2025, marking a significant shift in its asset allocation strategy, with TRX becoming a key reserve asset for the company [1] - The partnership with Kripton aims to accelerate the adoption of USDT stablecoin in South America, integrating over 2,000 merchants into the USDT payment network [3] - TRON's DPoS consensus mechanism allows for an average processing speed of 2,500 transactions per day, significantly improving cross-border payment efficiency [3] Group 2 - Argentina's high inflation rate, projected at 27% for 2025, creates a practical application scenario for stablecoins, as traditional financial systems struggle with currency volatility [5] - The USDT, combined with TRON's low transaction fees, offers an innovative solution to mitigate value loss in cross-border transactions [6] - The "Digital Dollar Inclusive Program" is reshaping financial infrastructure in Latin America, providing interest-free microloans to workers for purchasing productive assets [6] Group 3 - TRON's integration with Argentina's public transportation system allows users to recharge their SUBE cards directly with TRC20-USDT, showcasing the transition of crypto assets from financial tools to essential services [7] - The ongoing developments in TRON's ecosystem, from olive oil traceability to microloans and smart contract automation, signify a revolution in financial infrastructure [9]

Core Viewpoint - The article discusses the strategic move by Tron Inc., led by founder Sun Yuchen, to raise up to $1 billion through a mixed-shelf offering, primarily aimed at purchasing more TRX tokens, which has generated significant market excitement and raised complex questions about the intersection of traditional finance and the cryptocurrency world [4][5][30]. Group 1: Company Overview - Tron Inc. recently went public via a reverse merger with a small toy manufacturer, SRM Entertainment, transforming into a company focused on managing a large reserve of TRX tokens [9][19]. - The company’s new strategy involves leveraging its status as a Nasdaq-listed entity to attract traditional investors while maintaining a strong connection to the cryptocurrency ecosystem [22][28]. Group 2: Financial Maneuvering - The reverse merger was facilitated by a strategic investment of $100 million in TRX tokens from a company owned by Sun Yuchen's father, creating a unique structure that avoids direct scrutiny from regulators [13][14]. - The company plans to utilize the funds raised to acquire more TRX tokens, thereby increasing its asset value and potentially supporting the TRX price in the market [29][30]. Group 3: Market Reaction - Following the announcement of the mixed-shelf offering, Tron Inc.'s stock price surged by 25%, reflecting investor enthusiasm for the company's ambitious plans [5][30]. - The transition from a toy manufacturer to a cryptocurrency-focused entity has positioned Tron Inc. as a novel investment vehicle in the eyes of traditional investors [22][28]. Group 4: Regulatory and Market Risks - The article highlights significant risks associated with Tron Inc., including the extreme volatility of TRX, regulatory scrutiny from the SEC, and the company's heavy reliance on the performance of the Tron blockchain ecosystem [24][25][26]. - The SEC has previously filed lawsuits against Sun Yuchen and related entities, raising concerns about the legality of TRX as a security and the potential implications for Tron Inc. as a publicly traded company [24][26].

Group 1: Baby and Childcare Sector - The baby and childcare concept stocks mostly opened higher, with notable increases in shares of companies such as Jinxin Reproductive Medicine (1951.HK) up 8.93%, H&H International Holdings (1112.HK) up 7.33%, and China Feihe (6186.HK) up 5.12% following the announcement of a new childcare subsidy policy [1] - The new policy, effective from January 1, 2025, provides an annual subsidy of 3,600 yuan for each child until they reach three years old, which is expected to boost the sector [1] Group 2: Pharmaceutical Sector - WuXi AppTec (2359.HK) opened over 4% higher after reporting a revenue of 20.799 billion yuan for the six months ending June 30, 2025, a year-on-year increase of 20.6%, with a net profit of 8.287 billion yuan, up 95.5% [1] - Fosun Pharma (2196.HK) saw a 1.37% increase after signing a licensing agreement for AR1001, aimed at treating Alzheimer's disease and other neurological disorders [2] - Deqi Pharmaceutical (6996.HK) rose 4.70% after receiving approval for a new indication of its drug, Xivio, for treating multiple myeloma [2] - Kangzheng Pharmaceutical (0867.HK) increased over 2% after announcing the acceptance of its new drug application for ZUNVEYL, aimed at treating Alzheimer's symptoms [4] - BeiGene (6160.HK) rose over 3% following a positive recommendation from the European Medicines Agency for its drug, Tislelizumab, for non-small cell lung cancer [4] Group 3: Automotive Sector - Hong Kong automotive dealer stocks rose, with Zhongsheng Holdings (0881.HK) up nearly 6% and Yongda Automotive (3669.HK) up over 4%, driven by expectations of improved profit margins from new car sales due to government policies [2] - UBS reported that Zhongsheng and Yongda's stock prices rebounded approximately 20% and 5% respectively, as the market anticipates industry consolidation and improved profitability [2] Group 4: Beverage Sector - Hong Kong Brewery (0236.HK) surged 26% after reporting a revenue of approximately 390 million HKD for the first half of 2025, a year-on-year increase of 3.22%, with a net profit of 49.644 million HKD, up 31.97% [3] Group 5: Securities Sector - Chinese brokerage stocks collectively declined, with Shenwan Hongyuan (6806.HK) down nearly 5%, amid tightening regulatory scrutiny in the securities industry, which has seen over 30 fines issued recently [3]

Company Restructuring & Branding - SRM Entertainment has been rebranded as Tron Inc, with the stock ticker TRON, aiming for a clearer brand positioning in the US stock market [1] High-Profile Activities - Justin Sun, associated with Tron, participated in a Nasdaq bell-ringing ceremony [1] - Justin Sun purchased a Blue Origin space flight seat for $28 million and is expected to fly in Q3/Q4 of this year [1]

Company Announcement - Tron Inc (Nasdaq: TRON) 将敲响纳斯达克开市钟 [1] Event Information - 开市敲钟仪式将在 Nasdaq Livestream 上直播 [1]

Core Viewpoint - Tron Inc. is set to ring the Nasdaq Stock Market Opening Bell on July 24, 2025, marking a significant milestone in its transformation towards next-generation technology and digital innovation [1][2][3] Company Overview - Tron Inc. is a publicly traded company that specializes in blockchain-integrated treasury strategies and holds the largest amount of TRON (TRX) tokens among public companies [4] - The company is committed to transparency and the adoption of decentralized finance for long-term value creation [4] - Tron Inc. also designs, develops, and manufactures custom merchandise for major theme parks and entertainment venues, with products based on multi-billion-dollar franchises [4] Leadership and Vision - Justin Sun, the Founder of the TRON Blockchain, has been appointed as the Global Advisor to Tron Inc., emphasizing the company's strategic leadership [2][3] - Rich Miller, CEO of Tron Inc., highlighted the importance of the Nasdaq Opening Bell ceremony as a reflection of the company's long-term vision to enhance shareholder value through innovation [3]