Tron Inc. put over 90% of assets behind an uninsured JustLend dependency as its TRX treasury kept growing
Nasdaq-listed Tron Inc. continues expanding its TRX treasury reserve as it routes nearly all of its holdings through JustLend, the largest DeFi platform on the TRON blockchain.
On Aug. 12, the company said it acquired another 148,944 TRX at an average price of $0.3357, pushing reported holdings above 709.4 million TRX.
The purchase follows the company's second-quarter filing, which showed it planned to continue acquiring TRX despite current market conditions. Notably, about 95% of the firm's assets are invested in or committed to TRX.
The SEC filing showed that Tron Inc. held $233.8 million of TRX and staked TRX, or sTRX, as of June 30.
That represented more than 91% of its $256.2 million balance sheet. Of the position, $229.7 million was sTRX issued through JustLend, leaving nearly 90% of total assets directly exposed to the protocol.
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