ChainCatcher news, according to Globenewswire, entertainment company SRM Entertainment, Inc. (NASDAQ: SRM) announced that it has signed a securities purchase agreement ("SPA") with a private investor, under which it will receive a $100 million equity investment. SRM will use this funding to launch a treasury strategy for TRON tokens (TRX).

Additionally, TRON blockchain founder Justin Sun has been appointed as a company advisor. Furthermore, the company plans to rename itself to Tron Inc. (TRON Company). In the case of full exercise of the warrants, the value of this strategic investment will reach $210 million.