Tron Inc. has filed a $1 billion shelf offering with the U.S. Securities and Exchange Commission (SEC) to acquire up to 3.1 billion TRX tokens.
This planned purchase represents an 849% increase in scale compared to Tron Inc.’s last acquisition of 365 million TRX tokens, a move previously linked to a significant rise in TRX’s market performance.
The shelf offering provides Tron Inc. flexibility to gradually scale its TRX holdings from the market over time, a strategy potentially aimed at strengthening liquidity within the TRX market.
Market observers note that unrealized profits on the wider Tron network have recently reached all-time high levels, adding another factor potentially influencing TRX’s near-term price trajectory.
The market’s reaction is anticipated to heavily depend on the pace at which Tron Inc. utilizes the capital from the shelf offering, with potential for a bullish rally if token buying resumes in a timely manner.