The former penny stock is riding a 1,300% rally post-merger, as it looks to deepen its crypto treasury strategy with a billion-dollar funding push. Tron Inc., the Nasdaq-listed company that previously traded as a penny stock under SRM Entertainment, is seeking approval from US regulators to raise $1 billion to expand its Tron (TRX) holdings, following its reverse merger with Justin Sun’s blockchain project. According to its Form S-3 filing with the US Securities and Exchange Commission, Tron Inc. plans to raise the funds through a mix of common stock, preferred stock, debt securities, warrants and rights — or any combination thereof. The proceeds will go toward expanding the company’s TRX treasury, which already holds over 365 million TRX tokens following its reverse merger last month. Read more
TRON’s strong position in the stablecoin market continues with steady user growth, transaction volume and ecosystem expansion. TRON began 2025 on a strong note, marked by important protocol updates, new partnerships and growth across key onchain metrics. Throughout the first half of the year, the network’s strategic focus centered on reinforcing its role as a leading blockchain for stablecoin transfers. In its latest report, Cointelegraph Research examines TRON’s performance across core metrics and explores its expanding presence in the global stablecoin ecosystem. Read the full report to explore TRON’s latest onchain performance milestones and key strategic partnerships. TRON has continued to solidify its position as a leading network for stablecoin settlements. Since the beginning of the year, the supply of stablecoins on TRON has grown by 40% and reached $81 billion, primarily by active USDT issuance. USDT now makes up 99% of the stablecoin supply on the network, and, following recent mints, 51% of the tot...
Tron will go public in the US through a reverse merger with SRM Entertainment, a Nasdaq-listed company. Eric Trump, a son of US President Donald Trump, has denied reports that he will be involved in blockchain network Tron’s intent to pursue a public offering in the United States, though he had positive things to say about the project’s founder, Justin Sun. “I’m the biggest fan of Tron,” Trump said on social media, adding that he admires Sun and considers him a “great friend and icon in the crypto space.” However, he denied an earlier report by the Financial Times claiming that he would be part of Sun’s new public venture. Read more
The move by Nasdaq-listed SRM Entertainment comes amid a regulatory thaw between the US Securities and Exchange Commission and Tron founder Sun. Nasdaq-listed SRM Entertainment is set to launch a Tron corporate treasury of up to $210 million and change its name to Tron Inc., the company announced on Monday. According to the announcement, SRM entered a securities purchase agreement with a private investor for a $100 million equity investment to fund its Tron (TRX) treasury strategy. Tron founder Justin Sun will join the company as an adviser. As part of the deal, SRM Entertainment will issue 100,000 shares of its Series B convertible preferred stock. This stock can be converted into a total of 200 million shares of common stock at a conversion price of $0.50 per share, and 220 million warrants to acquire up to an aggregate of 220 million shares of common stock at an exercise price of $0.50 per share. Read more