By Chris Wack

Tron Inc. shares were 27% higher, at $3.42, after the company said it was expanding its TRX token treasury holdings to more than $220 million.

The company said that the increase comes from Bravemorning Ltd., which exercised all of its warrants for $110 million to buy restricted common shares.

As a result, 312.5 million TRX tokens were added to the Tron's treasury portfolio, increasing its pro forma shareholders' equity to more than $220 million.

The transaction also expands Bravemorning's total equity investment in Tron to $210 million, and places it as the controlling shareholder with 86.6% ownership.

In June, Tron Inc. launched its TRX Treasury Strategy through a securities purchase agreement with Bravemorning, which included a combination of preferred equity shares and warrants that amounted to $210 million in total investments.

Tron stock hit its 52-week high of $12.80 on July 17, and is up 240% in the past 12 months.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

September 08, 2025 12:46 ET (16:46 GMT)

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