“TRON INC. (formerly SRM Entertainment) has applied for SEC for placement of shares, debt and other securities worth up to $ 1 billion. The company plans to allocate these funds to expand the reserves in TRX tokens. After announcing the Tron Inc. stock news. They went up by 13% to $ 10.84. The company’s capitalization has exceeded $ 200 million since the reverse merger […]”, – WRITE: Businessua.com.ua
TRON INC. (former SRM Entertainment) applied to Sec for the placement of shares, debt and other securities worth up to $ 1 billion. The company is planning Direct these funds to expand the reserves in TRX tokens.
After announcing the Tron Inc. stock news. They went up by 13% to $ 10.84. The capitalization of the company has exceeded $ 200 million since the reverse merger with the project of Justin Sana and rebranding increased by 1300%.
Hourly TRON/USD on NASDAQ. Source: TradingView.
According to Coingcko, in the last day TRX has risen by 2% and is currently trading about $ 0.33.
Hourly TRX/USDT schedule on binance. Source: TradingView.
In June, the company has already attracted $ 100 million. There are currently over 365 million TRX – Tron Inc. under its management. is the largest owner of token. The company will continue the purchase by following Michael Sailor’s strategy.
Prior to changing the direction of SRM Entertainment, she was engaged in the sale of toys and souvenirs, but this business was unprofitable. As a result, the company focused on the cryptocurrency sector.
Kronos Research Investment Director Vincent Liu described the Tron Inc. approach. as an “aggressive liquidity engineering” aimed at integrating traditional finances into Tron ecosystem.
“Binding a public company balance to blockchain TRON creates a powerful driver for growth – due to the mechanism of price reflection and the benefits of the pioneer,” he said in a comment on Decrypt.
However, the expert warned: the low liquidity of the TRX market makes the company’s strategy vulnerable to volatility compared to bitcoin.
Companies are ahead of Bitcoin-ETF in terms of purchases third quarter in a row
Recall bidding by Tron Inc. Nasdaq started on July 24.
The gun
Please wait …