What to know : Tron Inc., a Nasdaq-listed firm focused on blockchain-integrated treasury strategies, bought 175,507 TRX tokens for about $49,000, raising its holdings to 679.9 million TRX worth roughly $540 million. Justin Sun publicly endorsed Tron Inc.'s strategy of accumulating TRX as a core treasury asset, signaling continued dip-buying to enhance long-term shareholder value. TRX has outperformed much of the crypto market this year, slipping only about 1.3% versus bitcoin's nearly 19% decline.
Crypto billionaire Justin Sun endorsed Tron Inc.'s strategy of stacking the TRX token, which has recently outperformed bitcoin , as a core treasury asset, spotlighting their latest dip buy with a simple "keep going" on X.
The Nasdaq-listed Tron Inc. announced that it acquired 175,507 TRX tokens on Wednesday at an average price of $0.28, for a fresh investment of just over $49,000 in the Tron blockchain's native token. The latest purchase boosted its TRX stash to 679.9 million tokens ($540 million).
The company plans to further grow its TRX holdings to enhance long-term shareholder value.
Tron Inc. — formed via a reverse merger between SRM Entertainment and a Tron-related entity — is a publicly listed firm focused on blockchain-integrated treasury strategies and holding a significant amount of TRX tokens. The company is modeled on Nasdaq-listed Strategy, which pioneered the digital asset treasury narrative by starting to accumulate Bitcoin as a reserve asset in August 2020.
The nod from Sun reinforces steady accumulation amid market dips. TRX's price peaked near 45 cents in 2024 and has since pulled back to 28 cents. But lately, it has been relatively resilient, down just 1.3% this year versus the market leader, bitcoin, which is down nearly 19%, according to CoinDesk data.
TRX's relative outperformance amid broader crypto weakness has led some analysts to view it as a defensive haven asset.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
