SRM Entertainment to Establish $210M TRX Treasury and Rebrand as Tron Inc.
Nasdaq-listed SRM Entertainment has announced plans to create a $210 million Tron (TRX) treasury and rebrand as Tron Inc., with Tron founder Justin Sun joining as an adviser. This strategic move aims to capitalize on Tron’s expanding blockchain ecosystem and growing real-world adoption.
Funding Through $100 Million Private Investment
The initiative is backed by a $100 million equity investment from a private investor. The funding will support the issuance of:
- 100,000 shares of Series B convertible preferred stock
- Convertible to 200 million common shares at $0.50 per share
- 220 million warrants for additional common shares at same price
Tron’s Expanding Blockchain Ecosystem
Justin Sun emphasized Tron’s significant growth, citing:
- Over 310 million international user accounts
- Daily transactions exceeding $20 billion year-to-date
- Recent $1 billion USDT minting on Tron network by Tether
Regulatory Developments and Strategic Partnerships
The announcement follows improved relations between the U.S. Securities and Exchange Commission (SEC) and Justin Sun. Dominari Securities, with connections to former President Donald Trump’s family, structured the deal. Eric Trump is expected to join the rebranded company.
Future Plans: Staking and Dividends
Tron Inc. will implement a TRX staking program followed by a dividend policy, demonstrating long-term commitment to the Tron blockchain’s development and sustainability.
