SRM secures $100 million investment and is renamed Tron Inc, with Sun Yuchen as an advisor to promote the TRX reserve strategy.

On June 17, SRM Entertainment (NASDAQ: SRM) announced on June 16 that it had received a $100 million private equity investment and launched its TRX reserve strategy. The Company issued 100,000 shares of Series B Preferred Stock and 220 million warrants at a conversion price of $0.50 for a potential market capitalization of $210 million. At the same time, the name was changed to “Tron Inc”, and Justin Sun, the founder of TRON, was officially appointed as an advisor. SRM will take the purchase and staking of TRX as its core strategy, promote the shareholder dividend system, and establish the price linkage between TRX and U.S. stocks for the first time. After the news was released, TRX surged as high as $0.295 in the short term, up more than 9% in 1 hour.

Analyst suggestion: SRM’s strategic transformation into Tron Inc is deeply bound to the TRON ecosystem, and the benefits are clear, which is expected to support the TRX price in the medium term. If the TRX reserve and dividend system is successfully implemented, it will strengthen its position in the capital market, and it is expected to rise steadily in the long run. It is necessary to pay attention to whether the TRX staking and dividends are actually executed, and whether Justin Sun is deeply involved in the operation to avoid the rapid ebb and flow after market speculation. It is recommended that investors continue to pay attention to the follow-up implementation and capital flow.