Nasdaq-Listed Tron Plans $200M Share Offering to Buy More TRX
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Tron has set up a $200 million at-the-market share offering to raise capital for further TRX purchases, adding to its daily accumulation strategy.
Nasdaq-listed treasury company Tron has arranged a $200 million at-the-market (ATM) share offering to fund additional purchases of TRX tokens, according to Cointelegraph.
The company currently holds approximately $237 million worth of TRX. The planned equity fundraising would provide another source of capital to expand those holdings.
Tron also accumulates TRX daily. The share offering is intended to support further purchases alongside that ongoing activity; the report does not indicate how much capital has been raised so far.
Source: Cointelegraph
