Tron Inc. Files for $1 Billion in Securities to Shift Towards TRX-Centric Cryptocurrency Reserve

Tron, a Nasdaq-listed entity previously recognized for selling theme park merchandise, has submitted a registration to issue up to $1 billion in securities as it transitions its primary focus towards establishing a crypto treasury centered on TRX, the native token of the Tron blockchain.

Key Takeaways:

• Tron Inc. aims to raise up to $1B to create a TRX-centric crypto treasury.
• This strategy follows the model of Strategy but involves a token that is less liquid and carries greater risk.
• Concerns regarding governance have emerged due to the close relationships between the company and insiders within the Tron ecosystem.

As per a regulatory filing made on Monday, the company plans to issue stock, debt, and various financial instruments “from time to time.”

The funds are intended for acquiring TRX tokens and implementing additional strategies aimed at “establishing income streams or otherwise generating funds” from its assets.

Tron Inc. Embraces Strategy-Style Treasury Model, Yet Focused on TRX

This strategy reflects the prominent crypto treasury model made famous by Michael Saylor’s Strategy.

However, in contrast to Saylor’s investment in Bitcoin, Tron is committing to a token characterized by lower liquidity and a more limited investor base.

The company cautioned that “a drop in TRX prices or diminishing investor interest” could affect its capacity to secure future funding.

In its filing, Tron revealed that its conventional toy and souvenir operations “did not yield positive cash flow from operations” in 2024.

In the absence of a recovery in that sector, the firm indicated it would depend on proceeds from equity or debt offerings to fulfill its obligations.

Governance issues are a concern with this shift. While the company states there is no formal position for Tron founder Justin Sun, the board is chaired by Sun’s father, Weike Sun.

From entertainment to blockchain innovation.
Tron Inc. (previously SRM Entertainment) is now officially #NasdaqListed under its new name, leading the way in blockchain-integrated treasury strategies.
Congratulations on this achievement, $TRON! pic.twitter.com/OAn8Lp3pW0

— Nasdaq Exchange (@NasdaqExchange) July 24, 2025

Furthermore, it includes a Tron DAO advisor and the lead developer from Tronscan.

The $100 million in Tron utilized for a reverse merger in June was held by a Hong Kong trust where one of Tron Inc.’s directors also serves, raising concerns about the connections between the company and the wider Tron ecosystem.

TRON Blockchain Surpasses Ethereum in USDT Supply

As reported, the TRON blockchain has overtaken Ethereum as the primary blockchain for USDT, currently hosting $80.8 billion in supply compared to Ethereum’s $73.8 billion.

Daily transaction volumes for USDT on TRON are nearly seven times greater than those on Ethereum, with the network facilitating over $24.6 billion in USDT transfers each day, underscoring its leadership in stablecoin liquidity and utilization.

The network’s expansion is driven by its gasless transaction model, which now constitutes 75% of all activity.

TRON recorded 273 million transactions in May and 28.7 million active addresses in June—its highest figures since mid-2023. The ease of access has made TRON a favored platform for seamless onchain services.

TRON’s DeFi ecosystem is also growing. SunSwap’s monthly volumes have remained above $3 billion, while the lending protocol JustLend has experienced a 23% increase in borrowing activity year-over-year.

Stablecoin usage is rising across these platforms, with USDT and USDD driving the majority of engagement and displacing WTRX’s previous dominance.

Despite offering gasless features, TRON achieved a record $308 million in fee revenue in June, propelled by advanced DeFi services.

The post Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury appeared first on Cryptonews.