Summary
- Tron said it purchased an additional 178,377 of its tokens at an average of $0.28.
- Tron’s holdings of its own tokens increased to about 684.20 million, and it said it will expand holdings under its Digital Asset Treasury (DAT) strategy.
- Tron has been steadily buying back its tokens to enhance long-term shareholder value, and is currently trading around $0.279.
Tron (TRX) has purchased additional tokens totaling 178,000.
Tron said via its official X account on the 18th (local time) that it had "purchased an additional 178,377 Tron at an average of $0.28." As of that day, Tron’s holdings of its own tokens were tallied at about 684.20 million.
Tron has been steadily accumulating its tokens. Justin Sun, Tron’s founder, has also repeatedly underscored his intent to build up token reserves. Tron said it will "continue to expand Tron holdings at the Digital Asset Treasury (DAT) level to enhance long-term shareholder value."
Meanwhile, on CoinMarketCap, Tron is trading around $0.279, down about 0.5% from the previous day.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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