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Tron Inc. (NASDAQ: TRON) has filed with the SEC to raise 【$1 billion】 through various securities offerings, aiming to significantly expand its TRX cryptocurrency holdings. The former penny stock, which completed a reverse merger with Justin Sun's blockchain venture last month, has seen its share price skyrocket 【1,300%】 since June 10, currently trading above $11.80.
The company's Form S-3 registration reveals a multi-pronged fundraising approach including common stock, preferred shares, and debt instruments. ——This marks one of the most ambitious crypto treasury strategies by a publicly traded company—— following its initial $210 million TRX accumulation plan. Tron Inc. already holds 【365 million TRX】 tokens, valued at approximately $42 million at current prices.
Industry analysts note the timing coincides with growing institutional interest in crypto treasuries, though most focus remains on Bitcoin. "We're seeing a second wave of corporate crypto adoption," remarked blockchain consultant Mark Chen. "After Bitcoin, altcoins like TRX are gaining treasury appeal."
While TRX prices dipped 【5%】 Monday, Tron Inc. shares surged 【23%】 on the funding news. The company's market cap now exceeds 【$200 million】, a dramatic turnaround for the former SRM Entertainment. However, SEC approval remains uncertain given ongoing regulatory scrutiny of crypto-related securities.
The filing emphasizes long-term holding strategy: "We view our TRX tokens as strategic reserves and plan continued accumulation." This contrasts with typical corporate treasury approaches focusing on liquid assets.
Tron Inc. joins a growing list of firms building crypto reserves: • Japan's Metaplanet recently added 【780 BTC】 to its holdings • UK's Satsuma Technologies raised 【$135 million】 for Bitcoin purchases • Multiple hedge funds are diversifying into altcoins like BNB
——The crypto treasury movement is evolving beyond Bitcoin—— with public companies now holding over 【923,327 BTC】 collectively, according to BitcoinTreasuries.NET data. This Tron Inc. initiative represents the most aggressive altcoin treasury play to date.
Market observers will watch closely how regulators respond to the unconventional fundraising plan, which could set precedents for crypto-related corporate finance. The SEC's decision is expected within 【45-60 days】 of the July 28 filing date.