HomeLatest Crypto NewsTron Inc. Files for $1 Billion Securities Offering to Buy TRX Tokens

Tron Inc. Files for $1 Billion Securities Offering to Buy TRX Tokens

Posted: 29 July 2025, 10:10 CET | Updated: 29 July 2025, 10:11 CET 2 min read

Tron Inc. Seeks $1 Billion Securities Offering for TRX Strategy

Nasdaq-listed Tron Inc. filed a $1 billion SEC shelf registration on July 28, 2025, to fund TRX token purchases. Shares surged 23% on the news.

Nasdaq-listed Tron Inc. filed a Form S-3 shelf registration with the U.S. Securities and Exchange Commission (SEC) on July 28, 2025, seeking to raise up to $1 billion through sales of common stock, preferred stock, debt instruments, warrants and other securities. The company plans to use the proceeds to purchase and hold TRX tokens as long-term assets.

Tron Inc. formed through a reverse merger between SRM Entertainment and Justin Sun’s Tron project. The company debuted on Nasdaq on July 17 under the ticker TRON, with founder Justin Sun ringing the opening bell. Since then, Tron Inc. has accumulated over 365 million TRX tokens on its balance sheet, making it the largest publicly disclosed holder of the token.

The SEC filing describes the company’s strategy as “issuing debt or equity securities or engaging in other capital raising transactions with the objective of using the proceeds to purchase TRX tokens, and acquiring TRX tokens with our liquid assets that exceed working capital requirements.”

Shares of Tron Inc. jumped more than 23% on the filing day, trading above $11.80 and pushing the market cap past $200 million. The stock rallied 1,300% since June 10.

The company’s previous business in toys and theme-park merchandise did not generate positive cash flow from operations in 2024. The filing warns that Tron Inc. may need future equity or debt financing to fund its obligations if TRX prices decline.

We view our TRX token holdings as long-term holdings and expect to continue to accumulate TRX tokens,
the filing states.

The approach follows the model established by Michael Saylor’s Strategy (formerly MicroStrategy), which uses public-market capital to accumulate Bitcoin. Other companies have since adopted similar strategies focused on Ethereum, Solana and other tokens, representing growing corporate interest in holding native tokens on balance sheets.

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