Tron Inc. has acquired an additional 177,493 of its native TRX tokens at an average price of $0.28 each, raising its total holdings to over 683.5 million TRX. The company stated this move aims to grow its decentralized technology treasury and enhance long-term shareholder value. Following the announcement, TRX’s price showed technical signs of a recovery, rebounding above key short-term moving averages and exhibiting positive momentum indicators.
Tron Inc. has acquired an additional 177,493 TRX tokens. The purchase was made at an average price of $0.28 per token, bringing the company’s total TRX treasury holdings to 683.5 million tokens.
The company said this acquisition is part of its strategy to grow its Decentralized Autonomous Technology (DAT) holdings. “The company aims to further grow its Tron DAT holdings to enhance long term shareholder value,” Tron Inc. stated.
It has made its on-chain TRX treasury wallet publicly available for transparency. This provides stakeholders with real-time updates on its evolving asset portfolio.
On Wednesday, February 25, TRX price action showed a bounce above short-term exponential moving averages. Data shows the price is consolidating near a cluster of moving averages around $0.284-$0.285.
The RSI (14) indicator was reading 57, indicating bullish pressure without overbought conditions. The MACD indicator also showed an early positive crossover, suggesting weakening bearish momentum.
