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Entertainment company SRM plans to invest 200 million USD to strategically reserve TRX

Entertainment company SRM Entertainment, Inc. (NASDAQ: SRM) announced that it has signed a securities purchase agreement ("SPA") with a private investor, under which SRM will utilize a 100 million USD equity investment to initiate 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. Under the full exercise of warrants, the value of this strategic investment will reach 210 million USD.

TRON will go public in the United States through a "backdoor" listing and establish a similar strategy company with Donald Trump’s second son.

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