Tron Inc. (NASDAQ: TRON) has secured an $18 million strategic equity investment from Justin Sun, the founder of the TRON blockchain. The investment was made through Sun's investment vehicle, Black Anthem Limited, which acquired 13,067,151 shares of restricted common stock at $1.3775 per share. The transaction was settled using USDT and USDC stablecoins, highlighting the company's integration with digital asset payment rails.
Following this issuance, Tron Inc. will have approximately 274.3 million shares outstanding. The company stated that the proceeds will be used to materially expand its TRX treasury holdings, strengthen its balance sheet, and support expansion into blockchain-based payments and Web3 infrastructure. Tron Inc. is already recognized as the largest publicly traded holder of TRX tokens, owning more than 677 million TRX, which represents about 0.716% of the total supply and is valued at over $193 million.
Rich Miller, CEO of Tron Inc., emphasized the strategic nature of the investment: "This capital will build our balance sheet, our treasury of digital assets, and empower us to create significant long-term shareholder value." He added that the company is aligning itself to capitalize on the accelerating adoption of blockchain technology, digital payments, and Web3 infrastructure.
The news comes amid strong growth for the TRON network, which ended the year with a record 355.4 million accounts—a 26.3% year-on-year increase—and saw over 240,000 new accounts daily. The network has also seen increased real-world adoption, including two U.S. residential property transactions finalized using USDT on the TRON blockchain.
In a related development, the TRON DAO recently announced a partnership with Base, an Ethereum Layer 2 network, facilitated by LayerZero. This integration allows users to send TRX directly onto the Base network, enhancing interoperability between the two chains.
Despite broader market challenges, TRX has shown bullish momentum, trading just below the $0.2800 level. Traders are watching a key demand zone, with some predicting that if TRX holds its base, the next price move could target the $0.33 to $0.34 range.
