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