Tron Inc., a Nasdaq-listed company, is seeking approval to raise $1 billion to expand its TRX holdings after a reverse merger with Justin Sun’s blockchain project. The company plans to raise funds through a mix of common stock, preferred stock, debt securities, warrants, and rights. The company’s TRX treasury holds over 365 million tokens.

Tron Inc. initially aimed to build a $210 million TRX reserve and secured $100 million in equity investments. The company outlined a treasury strategy consisting of cash, short-term equivalents, and TRX tokens, with a focus on long-term accumulation. Tron Inc. shares surged over 23% on news of its funding application, trading above $11.80.

Companies are actively building crypto-focused corporate treasuries, with a focus on Bitcoin. Public companies and Bitcoin miners hold 923,327 BTC on their balance sheets. Japan’s Metaplanet added 780 BTC to its treasury, while the UK’s Satsuma Technologies raised $135 million for a Bitcoin treasury purchase. The Bitcoin Treasury Corporation in Canada raised $92 million to acquire BTC.

Former executives of Coral Capital Holdings raised $100 million to establish a treasury focused on Binance’s BNB token. Strategy expands preferred stock offering to $2 billion amid the Bitcoin-fueled rally. Crypto treasury strategies are gaining traction globally with various companies making significant investments in digital assets.

Read more at Cointelegraph: Tron Inc. Eyes $1B Raise to Boost TRX Treasury Post-Merger