
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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Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

