The file-sharing software company BitTorrent recently addressed speculation about its acquisition by TRON founder Justin Sun in mid-June. In an official statement on June 19, BitTorrent emphasized:
"BitTorrent has no plans to alter its services or pricing structure."
The company further clarified:
"We have no intentions to introduce cryptocurrency mining—now or in the future."
Concluding the announcement, BitTorrent reaffirmed its vision:
"As pioneers of peer-to-peer file sharing, we remain committed to decentralized, flexible information access—a cornerstone of our original mission to democratize the internet."
Market Impact of TRON’s Acquisition
Key Developments:
- Acquisition Valuation: Co-founder Ashwin Navin estimated the deal at $120 million, contradicting higher figures circulating in media reports (CoinDesk). Navin, who left BitTorrent in 2008, now focuses on smart TV ventures.
- TRX Price Surge: Following the news, TRON’s native token (TRX) rallied 30%—from $0.038 (June 14) to $0.05 (June 19). As of June 20, TRX stabilized at $0.045, maintaining an 18% increase from its weekly low.
👉 Why TRON’s ecosystem growth matters for decentralized tech
Market Context:
- Among top-10 cryptocurrencies by market cap, TRON (TRX) was the sole asset with double-digit gains during this period.
- The acquisition highlights TRON’s strategic expansion into decentralized file-sharing technologies.
Frequently Asked Questions (FAQs)
Q: Will BitTorrent integrate TRON’s blockchain?
A: BitTorrent’s statement confirms no immediate changes to its service model, including blockchain or mining features.
Q: How does TRX’s price surge compare to broader market trends?
A: While most major cryptocurrencies saw marginal gains, TRX’s performance reflected investor optimism about the acquisition’s long-term value.
Q: What’s next for BitTorrent under TRON?
A: The focus remains on sustaining existing services, though synergies with TRON’s decentralized ecosystem may emerge incrementally.
👉 Explore how acquisitions shape crypto valuations
Disclaimer: This article provides market insights only. It is not investment advice. Conduct independent research before making financial decisions.
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