COINOTAG News reports that US-traded TRON rose 2.78% in pre-market trading, placing its market capitalization near $370 million. The early move provides a tangible data point for market participants tracking liquidity and activity within the cryptocurrency sector and blockchain equities listed in the United States.
Tron Inc. disclosed a strategic equity investment of $18 million from Justin Sun, founder of the TRON blockchain. The financing is executed through Black Anthem Limited, which subscribes to the company’s restricted common stock at a price of $1.3775 per share.