Tron Inc. acquires 147,106 TRX at $0.3399 average price

The Nasdaq-listed company said its treasury holdings now exceed 698.7 million TRX, expanding its balance-sheet exposure to the token.

TRX

Summary

Tron Inc. said it bought 147,106 TRX at an average price of $0.3399, taking its treasury holdings to more than 698.7 million TRX. The update points to continued use of a crypto treasury strategy, in which a company holds digital assets on its balance sheet as a reserve or strategic position.

Terms & Concepts
  • TRX: Native token of the Tron network.
  • treasury holdings: Assets a company keeps on its balance sheet.