Justin Sun's father invested $100 million in TRX to acquire a US-listed company, SRM Entertainment will be renamed Tron Inc.

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2025-06-18 08:07

Author：Too young

According to Coindesk, SEC documents revealed that Sun Yuchen's father Sun Weike acquired control of the listed company SRM Entertainment through a $100 million TRX token PIPE transaction, and the company will be renamed Tron Inc. The transaction was arranged by Dominari Securities, which is related to the Trump family. After the transaction is completed, Sun Weike will serve as chairman of the board of directors, and Tron executives will join the audit, compensation and nomination committees. Although the transaction does not directly involve Tron DAO, it is regarded as an arrangement led by its core management. The new company intends to follow MicroStrategy and hold up to $210 million in TRX as a strategic asset in the future.

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