Overview
- Tron Inc. confirmed Sun’s $18 million equity investment executed via Black Anthem Limited at $1.3775 per share.
- Management said the capital will expand corporate holdings of TRX, with CEO Rich Miller calling the move an endorsement of the firm’s strategy.
- TRX traded above $0.28, reaching an intraday high near $0.286 on Dec. 31 before easing slightly.
- Reporting cites a confirmed multi-month falling-wedge breakout on the daily chart with a technical target near $0.356, which is an analysis rather than a guarantee.
- Additional signals include Bitwise filing a TRX Strategy ETF application with the U.S. SEC and Nansen data showing large holders’ balances rising from 1.59 million to 1.64 million TRX.