Tron Inc., a Nasdaq-listed company, has significantly expanded its cryptocurrency reserves after receiving a substantial investment of $110 million in TRX tokens from its largest shareholder, Bravemorning Limited. This injection brings Tron Inc.’s total holdings of the blockchain’s native token to over $220 million, solidifying its position as the largest public holder of TRX. The investment, which comes after the company secured a $210 million investment through a reverse merger with SRM Entertainment in June, positions it for future growth and expansion. 312.5 million TRX tokens were acquired through an exercise of warrants at approximately $0.35 per token. 86.6% ownership of Tron Inc. is now held by Bravemorning Limited, the investor behind this latest investment. While the stock has soared over 1,128% in recent months, concerns about self-referential risk associated with holding TRX as a primary treasury asset remain. Analysts at Bitget Wallet highlight the potential for market downturns to negatively impact TRX prices and consequently, Tron Inc.’s value, raising questions about the sustainability of this investment strategy compared to established crypto treasury models like Bitcoin or Ethereum.