TRON Inc. will ring the opening bell at the NASDAQ stock market. The listed company, leading with the 9th largest cryptocurrency market capitalization TRON (TRX), will stand at the center of the official stock market.
TRON Inc. announced on the 23rd that it will hold the opening bell ceremony at the NASDAQ stock market on the 24th (local time). This event is scheduled to be led by Justin Sun, the TRON blockchain founder and global advisor of TRON Inc.
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Rich Miller, CEO of TRON Inc., said, "Ringing the NASDAQ opening bell is a powerful milestone in TRON Inc.'s journey" and "It is a moment that shows the company's long-term vision to increase shareholder value through Justin Sun's joining and expanding blockchain-based financial strategies."
The TRX investor group acquired toy company SRM Entertainment in June and contributed 355,096,845 TRON (TRX) as equity consideration. This is equivalent to approximately $100 million (about 136.81 billion won). Afterward, they changed the company name to TRON Inc. and replaced the NASDAQ ticker from 'SRM' to 'TRON'. On this day, TRON Inc.'s stock price closed at $10.30, a 53.27% surge from the previous day. The stock price, which was trading around $0.5 before the investment news last month, has jumped over 1,770% in about a month and a half.
TRON Inc. is pursuing an integrated blockchain financial strategy. It holds the most TRX among listed companies. The company plans to secure staking revenue using TRX stored in a custodial wallet designated by the board of directors and implement a future dividend policy. They will account for TRX staking revenue as an accounting asset and use it as a basis for shareholder dividend and return policies. TRON Inc. has named this the 'TRON Treasury Strategy'.
According to the U.S. Securities and Exchange Commission (SEC), TRON Inc. signed a global advisor contract with Justin Sun, the TRON founder, this month. Wei-Ke Sun, Justin Sun's father, serves as the board chairman as the largest shareholder.
Meanwhile, at 3:32 PM, TRX was trading at $0.3043, down 4.03% from the previous day according to CoinMarketCap.
- Reporter Do Ye-ri
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