Crypto
Tron Inc.'s Massive Bet on JustLend Sees Over 90% of Assets Placed at Risk
Nasdaq-listed Tron Inc. is expanding its TRX treasury reserve by investing nearly all of its assets in JustLend, the largest DeFi platform on the TRON blockchain.
In a recent SEC filing, it was revealed that the company had acquired 148,944 TRX at an average price of $0.3357 on August 12, pushing its reported holdings above 709.4 million TRX.
This purchase follows Tron Inc.'s second-quarter filing, which showed it planned to continue acquiring TRX despite current market conditions.
About 95% of the firm's assets are invested in or committed to TRX, with $233.8 million held as of June 30, representing more than 91% of its $256.2 million balance sheet.