Justin Sun-backed Tron Inc. TRX treasury company files for $1 billion shelf statement with SEC

Tron Inc., the newly formed firm meant to act as a Nasdaq-listed TRON treasury play, has filed a shelf statement to issue up to $1 billion in mixed securities with the U.S. Securities and Exchange Commission.The firm is joining a tidal wave of so-called crypto treasury firms investing in various tokens using capital raised through equity and debt sales. Michael Saylor’s Strategy pioneered the trend through its Bitcoin investment play, though it has since spread to most of the other large-cap crypto assets like Ethereum and Solana.According to Monday’s filing, it is "the public company with the largest TRON (TRX) token holdings" with over 365 million TRX on its balance sheet. TRX is trading at $0.32, up about 2% on the day, according to The Block’s price data.Tron Inc. was formed through a reverse merger between SRM Entertainment approximately two weeks ago. The deal involved a $100 million equity investment from a private investor in the form of TRX tokens.The firm rebranded as Tron Inc. and adopted the Nasdaq ticker TRON on July 17, with Tron founder Justin Sun ringing the Nasdaq’s morning bell last Thursday. Tron Inc. maintains a subsidiary that continues SRM’s original business of manufacturing merchandise for theme parks.With the shelf statement, a regulatory filing with the SEC that allows a company to register securities in advance, the firm can now sell up to $1 billion in mixed securities, including common stock, preferred stock, debt instruments, and warrants."Our TRX token strategy generally involves from time to time, subject to market conditions, (i) issuing debt or equity securities or engaging in other capital raising transactions with the objective of using the proceeds to purchase TRX tokens, and (ii) acquiring TRX tokens with our liquid assets that exceed working capital requirements," the company wrote.Tron, a high-throughput Layer 1 blockchain launched in 2017, is one of the most used networks for USDT transfers.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.