Tron Inc., a blockchain-focused firm listed on Nasdaq under ticker TRON, has now filed a Form S-3 shelf registration with the Securities and Exchange Commission United States to raise up to $1 billion through a mixed securities offering.
Following this filing, the company, headed by Justin Sun, will enable Tron to issue various securities, including common stock, preferred stock, debt instruments, and warrants over time, giving the company flexibility to raise capital based on market conditions without requiring repeated SEC approval.
Tron is eyeing to expand its dominance in the market
Tron went public in June this year with a reverse merger with SRM Entertainment, a toy manufacturer. The deal was facilitated by Dominari Securities, which was created by Tron Inc., which will hold $210M in TRX tokens as its primary treasury assets, something similar to MicroStrategy’s BTC strategy.
The reverse merger between Tron and SRM Entertainment was finalized, involving a $100 million private investment in a public equity deal. The funding was led by Weike Sun, the father of Justin Sun, though his investment vehicle was paid entirely in TRX tokens
According to the data from TradingView, Tron Inc (NASDAQ: TRON) is trading at $10.30 with an increase of 53.27% in the last trading session, and in the past 5 trading sessions, it grew around 18.32%.
Since the merger to date, Tron Inc. has jumped more than 1000% from below $1 to as high as $11, yet after a correction, it is currently trading at $10.30.
A quick overview of the Tron (TRX) price
According to data from CoinMarketCap, Tron (TRX) is trading at $0.3307 with an increase of 2.64% in the past 24 hours, and its market cap has reached $31.33 billion with an increase of 2.46% and its trading volume grew more than 114.39% reaching $1.65 billion.
Source: TradingView
However, in the past 7 days, TRX grew around 5.96% and has added more than 21% in the monthly time frame. In the same frame, it traded highest at $0.3343 and lowest at $0.2763.
When writing, TRX is trading above its 20-day, 50-day, 100-day, and 200-day exponential moving averages. Since the beginning of this year till writing it has added 30.12% to its prices.
Execution-first marketing. Own every Web3 feed with Koinpr.com.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Chainlink Price Stalls Near $9 as Liquidity Pressure Builds
Key Insights:
Chainlink price holds near $9.10 as tight EMA compression signals mounting pressure and prepares the market for a sharp directional breakout move soon.
Weak momentum indicators including RSI, MACD, and CMF confirm indecision, showing balanced participation without strong
CryptoNewsLand21m ago
Dogecoin Breaks Key Averages as Whale Holdings Hit Record
Key Insights
Dogecoin breaks above three major moving averages simultaneously, confirming a strong technical shift supported by renewed ETF inflows and sustained institutional engagement.
Whale wallets reach record accumulation levels, holding over 108 billion tokens while large
CryptoNewsLand1h ago
SHIB Volume Surge Points to Distribution as Resistance Holds
Key Insights:
Shiba Inu recorded over 429 billion tokens in exchange flows, pushing reserves higher and signaling increased readiness among holders to sell positions.
Rising exchange reserves and net inflows indicate distribution dominance, while price remains constrained under key
CryptoNewsLand1h ago
Bitcoin Clears Key Onchain Levels, Eyes $85K Resistance With $1.69B ETF Inflow Streak
According to Glassnode, Bitcoin is trading near $81,000 on May 7 and has cleared two key onchain cost basis levels—the True Market Mean at $78,200 and the Short-Term Holder Cost Basis at $79,100. Spot Bitcoin ETFs recorded their fifth consecutive day of net inflows on May 7, drawing $46.3 million an
GateNews3h ago
Zcash Gains 7% as Golden Cross Signals Short-Term Strength
Zcash rose 7% on a golden cross amid renewed momentum, boosted by privacy-focused demand and the Zebra 4.4.0 update, as shielded supply reaches a record and adoption grows.
Abstract: Zcash posted a 7% gain despite market weakness, supported by a bullish hourly golden cross, rising privacy narratives, and the Zebra 4.4.0 update, with record shielded supply indicating growing privacy adoption.
CryptoNewsLand3h ago
PENGU Holds Key Support as Price Tightens Near Breakout Zone
Key Insights
PENGU maintains stability near $0.010 while forming higher lows, signaling early accumulation as buyers steadily absorb supply during reduced selling pressure phases.
The $0.011 to $0.013 resistance zone remains critical, with a breakout above this range likely unlocking higher
CryptoNewsLand5h ago
