Tron Inc. concentrates 95% of assets in TRX tokens

Nasdaq-listed Tron Inc. has concentrated approximately 95% of its total assets into TRX tokens. As of June 30, the company held TRX and staked sTRX valued at $233.8 million, representing over 91% of its $256.2 million in total assets.

Nearly 90% of the company's assets are directly exposed to the JustLend DeFi protocol, as $229.7 million of its holdings consist of sTRX issued through the platform. While this strategy generated $6.33 million in unrealized staking income during the first half of the year—exceeding the company's core operating revenue of $2.75 million—it introduces significant risks.

The company has warned of potential total or partial losses due to smart contract vulnerabilities, coding errors, or malicious attacks, noting that these assets are not insured. Additionally, liquidity risks exist due to a standard 14-day unstaking period and potential network congestion.