Tron Inc aims for $1B raise to bolster TRX reserves after merger boost

Tron Inc. has filed to raise up to $1 billion as part of an ambitious push to grow its TRX token reserves, capitalizing on a dramatic surge in its stock following a recent merger.

The company, formerly known as SRM Entertainment, disclosed the fundraising plans in a Form S-3 registration statement with the U.S. Securities and Exchange Commission.

The proposed raise would come through a combination of equity and debt instruments, including common shares, preferred stock, warrants, and other securities.

Tron Inc.was born after SRM Entertainment merged last month with Justin Sun’s blockchain project and rebranded, shifting its focus toward building a digital asset treasury anchored by the Tron blockchain’s native token, TRX.

The company has already accumulated over 365 million TRX tokens and aims to increase its holdings significantly using proceeds from the new offering.

“We view our TRX tokens holdings as long-term holdings and expect to continue to accumulate TRX tokens,” the company stated in the filing, which also described a broader treasury strategy that includes cash and short-term equivalents.

Shares of Tron Inc. jumped more than 23% Monday, trading above $11.80, a sharp rise from penny stock levels before the merger. The stock has rallied over 1,300% since June 10, lifting the firm’s market capitalization above $200 million.

Tron Inc.’s move reflects a broader trend among public companies adopting crypto-focused treasury strategies. While most have centered on Bitcoin (BTC), a growing number are exploring altcoins.

Recent examples include Japan-based Metaplanet, which added 780 BTC to its balance sheet last week, and U.K.-based Satsuma Technologies, which raised $135 million for a similar initiative.

In Canada, Bitcoin Treasury Corporation is preparing to relist on the Toronto Stock Exchange after securing $92 million in funding.

Outside of Bitcoin, other digital assets are also gaining traction. A new fund led by former executives of Coral Capital Holdings has reportedly raised $100 million to build a treasury position in BNB, while SharpLink Gaming has become one of the largest Ethereum (ETH) holders.

With its aggressive pivot to TRX and a billion-dollar capital plan in motion, Tron Inc. is positioning itself as one of the few public companies pursuing a corporate treasury strategy focused on an altcoin rather than Bitcoin.

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