Overview
- Tron Inc. secured approval to raise up to $1 billion through common stock, preferred shares, debt instruments and warrants under a Form S-3 shelf registration.
- The company already holds over 365 million TRX tokens and plans to use proceeds from the offering to significantly increase its token reserves.
- Shares of Tron Inc. climbed more than 20 percent on the filing day as investors embraced its aggressive crypto-native treasury play.
- Its June reverse merger with SRM Entertainment and Nasdaq listing under the TRON ticker underpin the strategy by aligning equity with TRX accumulation.
- The move reflects a broader trend of public companies diversifying corporate treasuries into altcoins beyond Bitcoin.