Tron Inc. Stakes 91% of Assets via Uninsured JustLend

Tron Inc. staked roughly $233.8 million of its treasury through JustLend, the largest decentralized finance platform on the TRON blockchain, according to its second-quarter SEC filing. The stake represented more than 91% of the company’s $256.2 million balance sheet as of June 30. On Aug. 12 the company bought 148,944 TRX at an average price of $0.3357, bringing its reported TRX holdings to more than 709.4 million.

Of the staked position, $229.7 million was tokenized sTRX issued by JustLend. sTRX is a token representation of staked TRX plus accumulated yield managed by the protocol’s smart contracts. JustLend currently retains 20% of staking rewards and allocates the remaining 80% to sTRX holders.

Tron Inc. reported $6.33 million in unrealized staking income for the first half of 2026, including $3.35 million in the second quarter. The company recorded $2.75 million in revenue from its operating business over the same six-month period.

The SEC filing outlined operational and protocol risks tied to staking on JustLend. It noted that coding errors, security vulnerabilities or malicious exploits affecting JustLend’s smart contracts could result in partial or total loss of sTRX or the underlying TRX. The filing described JustLend’s standard redemption process, which requires a 14-day unstaking period before native TRX can be withdrawn.

The filing also said network congestion, outages or consensus failures on the TRON network could delay transfers, redemptions or distributions of yield. It warned that changes to JustLend’s protocol parameters could alter yields, fees or redemption terms, and that Tron Inc. has no separate contractual protections with the protocol beyond its standard terms.

Tron Inc. noted its treasury tokens are uninsured, meaning losses from an exploit or other protocol failure may not be recoverable. The company reported $9.5 million in cash and a $10.05 million affiliate prepayment at June 30, compared with $233.8 million tied to TRX and sTRX.

The filing disclosed plans to continue acquiring TRX despite current market conditions.