
Tron Inc. added $110 million in TRX to its treasury after a fresh investment from Bravemorning, boosting total holdings to over $220 million.
Nasdaq-listed Tron Inc., which launched in June following a reverse merger with SRM Entertainment, doubled its TRX accumulation, adding $110 million in tokens to increase its treasury holdings to over $220 million.
The new investment came after Bravemorning Limited, Tron’s biggest shareholder, exercised warrants to invest an additional $110 million, adding 312.5 million Tron (TRX) tokens to the company’s treasury, according to a Tuesday news release.
“With this additional $110 million investment from our largest shareholder, Tron Inc. has strengthened its position as the largest public holder of TRX tokens,” said Tron Inc. CEO Rich Miller.
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Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power. The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving.According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango.“Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more

