Tron Inc., listed on Nasdaq, was established in June through a reverse merger with SRM Entertainment. The company doubled its TRX accumulation, adding $110 million worth of tokens, bringing its treasury holdings to over $220 million.
According to a press release on Tuesday, this new investment comes from Bravemorning Limited, the largest shareholder of Tron, exercising warrants to invest an additional $110 million, adding 312.5 million Tron (TRX) tokens to the company's treasury.
"With this additional $110 million investment from our largest shareholder, Tron Inc. solidifies its position as the largest public holder of TRX tokens," said Rich Miller, CEO of Tron Inc.
Bravemorning now holds 86.6% of the company’s shares, having invested a total of $210 million to date.
Tron Inc. was formed in June through a reverse merger with SRM Entertainment. The deal secured $100 million in equity, including $210 million worth of preferred stock and warrants. It also allowed Tron founder Justin Sun to join as an advisor.
In July, the company also applied to U.S. regulators to raise up to $1 billion through a combination of common stock, preferred stock, debt securities, warrants, and rights, with proceeds intended to expand its TRX reserves and Web3 business sector.
Since the rebranding and merger, the company's stock price has soared. According to Google Finance, Tron Inc.'s stock price has surged over 1128% in the past six months. The company's stock price is currently around $4.30, remaining relatively stable over the past day.
In the first half of 2025, the crypto treasury strategy gained momentum, with companies following the Bitcoin-heavy approach of Strategy. However, newer treasury initiatives involve altcoins, particularly major tokens like Ethereum (ETH), Solana (SOL), and Ripple (XRP).
Meanwhile, Tron Inc.'s plan is unique as it aims to hold its own blockchain's native tokens as reserve assets. "The company essentially holds its own equity-like assets as collateral. This is cyclical and risky," said Jamie Elkaleh, marketing director at Bitget Wallet, to Cointelegraph.
"If confidence in Tron Inc. wavers, TRX could drop, further dragging down the perceived value of Tron Inc.," he added.
Related: Galaxy Digital stock tokenized on the Solana blockchain
Original: “Tron Inc. adds $110M TRX to treasury, total holdings exceed $220M”
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