Justin Sun ( is preparing to go public in the US through a reverse merger on the blockchain platform Tron, directly investing 100 million USD in TRX equity SRM, and establishing a holding company specifically for holding TRX tokens. Justin Sun's father, Weike Sun, has been appointed as the chairman of the board and is the sole investor in this case. SRM surged 533% yesterday, fueled by this news.
)Tron plans to go public in the US, creating a TRX holding company model similar to MicroStrategy(
Investing 100 million TRX in SRM
The toy and related project manufacturer SRM Entertainment Company stated in a report submitted to the SEC that it has reached a securities purchase agreement with a "private investor" for a $100 million equity investment. Headquartered in Florida, SRM Entertainment Company will be renamed Tron, with Justin Sun serving as an advisor.
SRM will raise funds through the issuance of convertible preferred stocks and warrants.
Series B Convertible Preferred Stock: 100,000 shares of Series B Convertible Preferred Stock are issued, each convertible into 2 million shares of common stock, with a conversion price of $0.50 per share, totaling 200 million shares of common stock.
Warrants: A total of 220 million warrants will be issued, immediately exercisable, with an exercise price of $0.50 per share, valid for two years after issuance. If all warrants are exercised, the total investment value could reach $210 million.
Investors will pay 100 million dollars in TRON tokens (TRX), with the price based on the closing price on June 15, 2025, and payment is expected to be completed by June 30, 2025. The TRX tokens will be held in a custody wallet controlled by the SRM board.
The Trump family is deeply involved.
The transaction is exclusively arranged by Dominari Securities, an investment bank associated with the Trump family, with Donald Trump Jr. and Eric Trump serving as advisors, which may suggest that the investors' backgrounds are linked to the Trump family's business network.
Sun Yat-sen's close relationship with the Trump family has long been traceable. He not only attended a presidential dinner held for the major holders of the TRUMP meme coin but also holds as much as 75 million USD of World Liberty Financial tokens, a DeFi project that is similarly deeply connected to the Trump family.
Establish TRON reserve strategy
One hundred million dollars will be used to establish a TRON reserve strategy, similar to the Bitcoin reserve model of MicroStrategy ).
SRM plans to launch a dividend policy after the successful implementation of the TRX staking program, which may return value to shareholders in the form of TRX or other forms.
Tron team is making a big move into SRM
With the announcement of the transaction, three existing board members resigned, and Weike Sun, the father of Sun Yuchen, was newly appointed as the chairman of the board, while Zhihong Liu and Zi Yang were appointed as new board members.
Zhihong Liu is a senior advisor for Tron DAO, leading its strategic investment activities. Zi Yang currently holds multiple leadership positions in blockchain projects, including the official blockchain explorer Tronscan for the Tron protocol.
According to a statement from SRM Entertainment, Weike Sun is described as "the sole shareholder of the investor," who provided SRM with a one hundred million dollar equity investment in TRX to establish a TRON reserve strategy.
Justin Sun is the founder of the TRON Blockchain and has been appointed as an advisor for SRM Entertainment in this transaction, responsible for assisting in the formulation of TRON reserve strategies and promoting the application of Blockchain technology.
SRM surged 533% on the day
After the announcement of the transaction, SRM Entertainment's stock price surged 533% on June 16, skyrocketing from $1.45 to $9.19, reaching a high of $10.83 during the trading session, with a market value increasing to approximately $158 million.
TRX also rose from 0.27 USD to 0.28 USD.
In this article, Sun Yuchen's father invested 100 million TRX in SRM, and the SRM stock price increased by more than five times in a single day. This was first reported by Chain News ABMedia.
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Sun Yuchen's father invested 100 million USD in TRX for SRM, and the SRM stock price surged more than five times in a single day.
Justin Sun ( is preparing to go public in the US through a reverse merger on the blockchain platform Tron, directly investing 100 million USD in TRX equity SRM, and establishing a holding company specifically for holding TRX tokens. Justin Sun's father, Weike Sun, has been appointed as the chairman of the board and is the sole investor in this case. SRM surged 533% yesterday, fueled by this news.
)Tron plans to go public in the US, creating a TRX holding company model similar to MicroStrategy(
Investing 100 million TRX in SRM
The toy and related project manufacturer SRM Entertainment Company stated in a report submitted to the SEC that it has reached a securities purchase agreement with a "private investor" for a $100 million equity investment. Headquartered in Florida, SRM Entertainment Company will be renamed Tron, with Justin Sun serving as an advisor.
SRM will raise funds through the issuance of convertible preferred stocks and warrants.
Series B Convertible Preferred Stock: 100,000 shares of Series B Convertible Preferred Stock are issued, each convertible into 2 million shares of common stock, with a conversion price of $0.50 per share, totaling 200 million shares of common stock.
Warrants: A total of 220 million warrants will be issued, immediately exercisable, with an exercise price of $0.50 per share, valid for two years after issuance. If all warrants are exercised, the total investment value could reach $210 million.
Investors will pay 100 million dollars in TRON tokens (TRX), with the price based on the closing price on June 15, 2025, and payment is expected to be completed by June 30, 2025. The TRX tokens will be held in a custody wallet controlled by the SRM board.
The Trump family is deeply involved.
The transaction is exclusively arranged by Dominari Securities, an investment bank associated with the Trump family, with Donald Trump Jr. and Eric Trump serving as advisors, which may suggest that the investors' backgrounds are linked to the Trump family's business network.
Sun Yat-sen's close relationship with the Trump family has long been traceable. He not only attended a presidential dinner held for the major holders of the TRUMP meme coin but also holds as much as 75 million USD of World Liberty Financial tokens, a DeFi project that is similarly deeply connected to the Trump family.
Establish TRON reserve strategy
One hundred million dollars will be used to establish a TRON reserve strategy, similar to the Bitcoin reserve model of MicroStrategy ).
SRM plans to launch a dividend policy after the successful implementation of the TRX staking program, which may return value to shareholders in the form of TRX or other forms.
Tron team is making a big move into SRM
With the announcement of the transaction, three existing board members resigned, and Weike Sun, the father of Sun Yuchen, was newly appointed as the chairman of the board, while Zhihong Liu and Zi Yang were appointed as new board members.
Zhihong Liu is a senior advisor for Tron DAO, leading its strategic investment activities. Zi Yang currently holds multiple leadership positions in blockchain projects, including the official blockchain explorer Tronscan for the Tron protocol.
According to a statement from SRM Entertainment, Weike Sun is described as "the sole shareholder of the investor," who provided SRM with a one hundred million dollar equity investment in TRX to establish a TRON reserve strategy.
Justin Sun is the founder of the TRON Blockchain and has been appointed as an advisor for SRM Entertainment in this transaction, responsible for assisting in the formulation of TRON reserve strategies and promoting the application of Blockchain technology.
SRM surged 533% on the day
After the announcement of the transaction, SRM Entertainment's stock price surged 533% on June 16, skyrocketing from $1.45 to $9.19, reaching a high of $10.83 during the trading session, with a market value increasing to approximately $158 million.
TRX also rose from 0.27 USD to 0.28 USD.
In this article, Sun Yuchen's father invested 100 million TRX in SRM, and the SRM stock price increased by more than five times in a single day. This was first reported by Chain News ABMedia.