Tron Inc. has filed with the SEC to offer securities worth up to $1 billion, aiming to expand its TRX token reserves. The move is part of the company's strategy to strengthen its market position amid increasing blockchain adoption and decentralized finance trends. Following the announcement, Tron Inc.'s share price rose by 13%, boosting its market capitalization to over $200 million.
The company, formerly known as SRM Entertainment, has seen significant growth since its reverse merger with Justin Sun's project. Tron Inc. plans to continue accumulating TRX tokens, with Vincent Liu from Kronos Research describing the strategy as 'aggressive liquidity engineering' that integrates traditional finance with the Tron blockchain.
Tron Inc. Files $1B Securities Offering to Expand TRX Reserves
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