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Tron launches $200M stock-sale program to fund more TRX crypto purchases

Market News
15 Oct 2026, 23:19 WIB
Tokenpost
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Bullish
Tron launches $200M stock-sale program to fund more TRX crypto purchases

Tron Inc. has initiated a stock-sale program allowing it to raise up to $200 million, primarily to buy more TRX cryptocurrency. The Nasdaq-listed company appointed Clear Street LLC to sell shares either as an agent or principal, with commissions up to 3%. The program could increase Tron's shares from 474.4 million to about 638.4 million, potentially diluting existing shareholders. This move provides Tron a flexible equity-financing option to expand its crypto holdings, alongside its separate $21 billion Bitcoin purchase program.

TRX (TRON) trades at Rp5.977 on Pluang as of Oct 16, 2026 03:33 WIB, showing a 0.56% increase in one day. The market cap stands at Rp565.93 trillion with a 24-hour volume of Rp9.63 trillion. On Pluang, 62% of orders are sell and 38% buy, with typical holding time around 75 days.

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