Overview
- Tron Inc filed a Form S-3 registration on July 28 to issue up to $1 billion in common stock, preferred shares, debt instruments and warrants
- Proceeds will be used exclusively to purchase TRX tokens, building on its existing 365 million-token corporate treasury
- The company’s stock climbed more than 20% on the filing day, extending a 1,300% rally since its Nasdaq reverse merger in mid-June
- Tron Inc went public through a reverse merger with SRM Entertainment and rebranded to align with its crypto-native treasury focus
- The capital raise highlights a growing wave of public companies diversifying into altcoin reserves beyond bitcoin