Tron Inc., Nasdac-Listed Company, which previously traded as a penny stock under SRM Entertainment, is demanding approval to raise $ 1 billion from American regulators to expand its holding, holdings, followings after its reverse merger with Justin Sun’s blockchain project.
For its form S -3 filing with the US Securities and Exchange Commission, Tron Inc. has planned to raise funds through common stock, favorite stock, date securities, warrants and rights – or any combination.
Processes will twowd the company’s TRX Treasury, which exceeds 365 million TRX tokens after its reverse merger last month.
As previously reported by cointelegraph, Truon Inc. The target was initially a target of creating a TRX reserve of up to $ 210 million and achieved $ 100 million in equity investment to support those purchases.
In its SEC filing, Tron Inc. The outline of a treasury reserve strategy with cash, short-tricum equity and TRX tokens prepared.
“We see our TRX token holdings as long -term holdings and the TRX token hopes to continue to accumulate,” is written in the filing.
While TRX fell 5% on Monday, Tron Inc.’s stocks increased by more than 23% on their funding application news, trading above $ 11.80. In the past, a penny stock under the name SRM Entertainment, the company has severely severely ralled since its inverted merger and rebranding. For Yahoo Finance, the stock exceeds 1,300% sin on 10 June.
The company’s market capitalization has exceeded $ 200 million.
Connected: Eric Trump is the ‘biggest fan’ of Justice Sun, but denies Trueen’s participation in public venture
Crypto Treasury Strategies Receive Benefits
Tron Inc. AMANG many companies actively activate crypto-centered corporate trees. Most of these strategies are on bitcoin (BTC), inspired by Michael Saylor’s playbook.
Industry figures, public companies, strategies and solidarity for various bitcoin miners, captures 923,327 BTC on their burial sheets by 28 July.
On Monday, Metaplanet of Japan combined with 780 BTC procurement in his bitcoin Treasury, making its total holding 17,132 BTC.
Lastweak, UK satsuma technologies raised $ 135 million for the country’s largest bitcoin treasury purchase.
In Canada, Bitcoin Treasury Corporation plans to revive Toronto Stock Exchange
Crypto Treasury Strategies are also expanding to other assets. As the co -ordinelgraph reported, former officials of Coral Capital Holdings have allegedly raised $ 100 million to Estabulis in a treasure, focused on BNB (BNB) tokens of Benance.
Connected: The strategy expands the favorite stock offering for $ 2B between Bitcoin-Fuel Rold-Report
