Tron Inc. (NASDAQ: TRON) has significantly bolstered its cryptocurrency treasury strategy by receiving a $110 million investment from its largest shareholder, Bravemorning Limited. This capital injection was used to acquire 312.5 million TRX tokens (valued at approximately $0.3372 per token), effectively doubling the company's TRX holdings to over $220 million.
This move solidifies Tron Inc.'s position as the largest publicly listed holder of TRX tokens. Bravemorning Limited now controls approximately 86.6% of Tron Inc. with a total investment of $210 million to date. The investment follows Bravemorning's exercise of all its warrants to purchase restricted common shares in June 2025.
CEO Rich Miller emphasized the strategic rationale: "Our treasury of over $220 million reflects our belief in the TRON network and positions us to capitalise on growth in blockchain adoption, digital payments, and Web3 infrastructure." The company has filed with the SEC to raise up to $1 billion in mixed securities (including ordinary stock, debt, and warrants) to continue systematically accumulating TRX tokens.
The TRON network itself continues to demonstrate strong fundamentals with 328 million user wallets and $82.6 billion in TRC-20 USDT circulation (representing roughly half of total USDT volume). In the first half of 2025, over $3.6 trillion in USDT settled on the network. The network generates approximately $2 million daily in transaction fees and processes $24.6 billion in daily USDT transfers.
Recently, TRON's Super Representatives approved a 60% reduction in transaction fees (from 210 sun to 100 sun per energy unit) to maintain its competitive advantage in stablecoin transfers and attract more users in remittance-heavy regions.