SRM Entertainment, listed on Nasdaq, announced the launch of a corporate treasury for Tron worth up to $210 million and its intention to change its name to Tron Inc.
Announcement of the Treasury Launch
SRM Entertainment entered a securities purchase agreement with a private investor for a $100 million equity investment to fund its Tron treasury strategy. As part of this deal, the company will issue 100,000 shares of its Series B convertible preferred stock.
Dividend and Staking Strategy
Tron Inc. plans to implement a dividend policy following the establishment of a TRX staking program using company assets. Justin Sun, the founder of Tron, emphasized the growing real-world use of blockchains and stablecoins.
US Regulators and Justin Sun
This announcement comes amid a regulatory thaw between the US SEC and Justin Sun. A request has been made to pause the case against Sun to facilitate settlement discussions.
The launch of the Tron treasury represents a significant step for Tron Inc. and its future in the blockchain and financial technology sectors, given the increasing interest in these areas.
