Tron Inc. has announced the expansion of its TRX token treasury after receiving a $110 million investment deal from its largest shareholders, Bravemorning Limited. With this, the company has become the largest TRON token shareholder, increasing its total TRX holdings to over $220 million.
According to the announcement, more than 312 million TRX tokens have been added to Tron Inc.’s balance sheet as a result of Bravemorning’s decision to exercise all existing warrants, which also allowed for the acquisition of restricted common shares. The move also raised Bravemorning’s total equity investment in the company to $210 million, giving it a controlling 86.6% stake.
“With this additional $110 million investment from our largest shareholder, Tron Inc. has strengthened its position as the largest public holder of TRX tokens.” said Rich Miller, CEO of Tron Inc. He added, “Our over $220 million treasury underscores our confidence in the TRON network and positions us to capture growth in blockchain adoption, digital payments, and Web3 infrastructure.”
The investment builds on a strategic agreement signed in June 2025, when Tron Inc. launched its TRX Treasury Strategy. The initiative included a mix of preferred equity and warrants, all part of a broader effort to align the company’s financial strength with long-term blockchain and digital asset growth.
In August, the network hosted over 328 million wallets and supported roughly 50% of all USDT in circulation, amounting to around $82.6 billion. Additionally, in the first half of 2025, TRON settled $3.6 trillion in USDT transactions, which is almost 50% more than it did in the same period the previous year.
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