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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Eric Trump Gives Justin Sun Some 'Love' — Insists He’s No Player In Tron’s Public Venture
According to reports, Eric Trump insists he has no formal connection to Tron’s Nasdaq listing plan, even though he is named as an advisor to the firm handling the deal.
Related Reading: War Worries, Bitcoin Gains: Strategy Adds $1 Billion To TreasuryHis statement came after growing chatter about the overlap between politics and crypto. He called Justin Sun “a great friend and an icon in the crypto space,” yet he insists he has no “public involvement” in the merger.
Trump Family Crypto Ties
Eric Trump and his brother, Donald Trump Jr., both sit on the Dominari Securities advisory board. Based on reports, US President Donald Trump has pulled in $57 million from his NFTs and the launch of the TRUMP token earlier this year.
The Trump camp also has ties to World Liberty Financial, which drew scrutiny for its lack of clear disclosures. These connections have some observers wondering if family name and political clout are being used to open doors in crypto.
Reverse Merger Details
Dominari Securities is handling a $210 million stock offering linked to Tron’s reverse merger with SRM Entertainment. SRM announced it had secured a $100 million equity investment from an unnamed private backer on the same day it revealed plans to rename itself Tron Inc.
This move lets Tron skip a traditional IPO and list instantly on Nasdaq by using SRM’s existing status. The new company will hold and invest in crypto, with TRX tokens lining its treasury.
The fact that Dominari’s offices are in Trump Tower adds another layer to the story. People are asking if political ties could tilt the scales behind closed doors.
Based on reports, many feel Eric Trump’s denial is careful wording meant to keep him outside the formal spotlight while still allowing private gains. There is no public record showing him in the deal’s filings, but his role on the advisory board makes it hard to ignore him completely.
Related Reading: Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In### Justin Sun’s Strategy
Justin Sun has been working his own angles. He joined a private crypto dinner hosted by US President Donald Trump. He also bought a $75 million stake in World Liberty Financial in 2024, which reportedly led the SEC to pause its probe into him and the Tron Foundation.
Featured image from Getty Images, chart from TradingView