Tron Elected to TRON Network's 27-Node Validator Council

The Tip Desk · November 12, 2026 · 3 min read

The company bought 39.1 million TRX tokens for $12.55 million in the nine months to September 30, 2026, and was elected a Super Representative node on October 18.

Tron Inc. (TRON), a Nevada company that designs theme-park toys and operates a TRX token treasury, said that effective October 18, 2026, it was elected one of the 27 Super Representative nodes on the TRON blockchain network through wholly owned subsidiaries.

The election followed an August 13, 2026 announcement that the company intended to pursue Super Representative status. As of September 30, 2026, that pursuit was still in the strategic planning phase, and the company said no material commitments or capital expenditures were incurred during the nine months ended September 30, 2026.

As an SR, the company said it will receive rewards for block production and voting, which it will account for as other income. A designated validator wallet serves as the operational address for the node. The company said that as of the date of the report its SR node was among the top-ranked SRs.

The company also added an SR-node carve-out to its treasury policy. It said it currently has no intention to use its TRX token reserve to support or finance operating activities save for the set-up of its SR node.

Under a token sale and purchase agreement with BiT Global Digital Limited dated January 6, 2026, Tron is purchasing $18 million of TRX tokens using a dollar-cost averaging mechanism over 360 days, with $50,000 of USDT worth of tokens delivered daily beginning January 22, 2026. During the nine months ended September 30, 2026, the company purchased approximately 39,117,189 TRX tokens for an aggregate $12,550,000. In the six months ended June 30, 2026, it had purchased approximately 25,350,215 TRX tokens for $7,950,000.

The initial $18 million was recorded as a prepayment for digital asset purchases. That prepayment declined to $5,450,000 at September 30, 2026 from $10,050,000 at June 30, 2026.

On August 1, 2026, the company converted 17,730,000 TRX tokens into approximately 13,546,269 sTRX tokens through JustLend, a conversion not listed in the prior quarter’s history. The company said it has currently staked nearly 100% of the TRX tokens in its treasury into sTRX tokens. Under JustLend’s current rules, 20% of staking rewards are retained by the protocol and 80% are allocated to sTRX holders.

The company said TRX tokens in its treasury were received as payment in kind from its controlling shareholder in connection with the June 2025 securities purchase and through the BGDL token agreement. It said it intends to fund further TRX acquisitions primarily through issuances of common stock and fixed-income instruments, including debt, convertible notes and preferred stock, and that it has not set a specific target for the amount of TRX it seeks to hold.

Bravemorning Limited, whose sole shareholder is director Weike Sun, holds voting power of approximately 88.5% as of September 30, 2026. On January 8, 2026, the company closed a stock purchase with Black Anthem Limited, owned by Justin Sun, receiving $18 million of USDT stablecoins and issuing 13,067,151 shares of common stock.

The company said that as of November 6, 2026, TRON had over 412 million user wallets globally and hosted approximately 94 billion TRC-20 USDT, accounting for over half of total USDT supply. As of July 30, 2026, those figures were over 396 million wallets and approximately 90.3 billion TRC-20 USDT, or approximately 47.7% of total USDT supply.

The company said it currently does not plan to hold crypto assets other than TRX tokens and sTRX tokens, save for the USDT received under the December stock purchase. Treasury tokens are held in a self-managed wallet set up by BiT Global Trust Limited in Hong Kong; the company said there is currently no insurance coverage on the treasury tokens.