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Tron Inc. Expands TRX Treasury with $110,000,000 New Investment from Largest Shareholder
Globenewswire· 2025-09-02 12:30
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].
Tron Inc. to Ring The Nasdaq Opening Bell on July 24, 2025
Globenewswire· 2025-07-23 14:15
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]
SRM Rebrands to Tron Inc. and Adopts TRON as its New Ticker Symbol
Globenewswire· 2025-07-16 12:30
Company Overview - SRM Entertainment, Inc. has changed its corporate name to Tron Inc. to align with its transformation into a TRON treasury strategy company, effective July 17, 2025 [1] - The company will also change its ticker symbol to "TRON" on the Nasdaq Capital Market [1] - Tron Inc. is the largest publicly traded corporate holder of TRX, currently holding over 365 million TRX tokens [2] Corporate Strategy - The transition to Tron Inc. marks a pivotal moment in the company's strategy to enhance long-term value through Tron treasury management [3] - The CEO believes that TRX will play a critical role in building a next-generation global payment rail and a more inclusive financial infrastructure [3] Industry Context - TRON, founded in 2017, is a decentralized blockchain that supports smart contracts and decentralized applications, offering lower fees and faster transaction times compared to leading blockchains like Bitcoin and Ethereum [4] - As of July 13, 2025, TRON hosts approximately 81.7 billion in US dollar stablecoins [4]