Tron Inc. buys 151,011 TRX, lifting treasury above 705 million tokens

The company said the purchase was made at an average price of $0.3311, modestly expanding its TRX treasury position.

TRX

Summary

Tron Inc. said it acquired 151,011 TRX at an average price of $0.3311, taking its TRX treasury holdings to more than 705.0 million tokens. The update points to another incremental addition to a corporate crypto treasury, a strategy in which a company holds digital assets on its balance sheet to build long-term exposure.

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