Tron Inc., formerly known as SRM Entertainment, officially went public on the Nasdaq under the ticker TRON on July 24, 2025, marking a significant event for the blockchain industry. Tron founder Justin Sun celebrated this milestone by ringing the opening bell at the Nasdaq MarketSite in New York. The company raised $100 million through a reverse merger with SRM Entertainment, creating a treasury $TRX of $210 million, similar to MicroStrategy's strategy with $BTC . Tron Inc. positions itself as the largest public holder of TRX tokens, integrating blockchain with traditional finance.
This step reflects the change in the regulatory climate in the USA, where the pause in the SEC investigation of Justin Sun contributed to the listing. Shares increased by 460% after the announcement, and the price of TRX reached $0.32, demonstrating bullish momentum. Tron Inc. maintains its toy manufacturing business but focuses on accumulating TRX, attracting institutional investors. The listing on Nasdaq enhances confidence in the Tron blockchain, contributing to its DeFi and NFT ecosystem. Stay tuned for cryptocurrency market news from #MiningUpdates
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