According to @justinsuntron, a $100 million deal paid entirely in Tron's TRX token has given Justin Sun's father, Weike Sun, board control of SRM Entertainment, a public company being renamed to Tron Inc., as detailed in a Securities and Exchange Commission (SEC) filing. This private investment in public equity (PIPE) deal establishes Weike Sun as chairman and installs other Tron-aligned executives in key governance roles. The newly structured Tron Inc. reportedly plans to acquire and hold up to $210 million worth of TRX tokens, adopting a corporate treasury strategy similar to MicroStrategy's with Bitcoin. Despite the apparent alignment, a strategic adviser to Tron DAO stated the DAO itself has no direct investment or formal role in the transaction. Following the news, SRM's stock price closed down 15% at $7.73, while the TRX token was down 2.5%.

According to @justinsuntron, a $100 million private investment in public equity (PIPE) deal, paid entirely in Tron's TRX tokens, has given Justin Sun’s father, Weike Sun, board control of SRM Entertainment, a public company being renamed to Tron Inc. A recent SEC filing revealed that Weike Sun was appointed chairman, with other Tron-affiliated executives also joining the board. Despite the deal's structure, Tron DAO strategic adviser Zhihong Liu stated the DAO has no direct investment or formal role. A key strategic move for traders to watch is Tron Inc.'s plan to buy and hold up to $210 million in TRX, mirroring MicroStrategy's Bitcoin treasury strategy, as reported by the Financial Times. Following the news, SRM Entertainment's stock fell 15% to $7.73, while the TRX token declined 2.5% to $0.27.

According to @justinsuntron, a $100 million private investment in public equity (PIPE) deal, paid entirely in Tron's TRX tokens, has given Justin Sun’s father, Weike Sun, board control of SRM Entertainment. An SEC filing confirms Weike Sun was named chairman, with Tron-aligned advisors Zhihong Liu and Zi Yang also joining the board. The public company, which is in the process of being renamed Tron Inc., plans to purchase and hold up to $210 million worth of TRX, similar to MicroStrategy's bitcoin treasury strategy, according to the Financial Times. Despite the appointments, Tron DAO advisor Zhihong Liu stated the DAO itself is not formally part of the transaction. Following the news, SRM Entertainment's stock fell 15% to $7.73, and the TRX token price decreased by 2.5% to $0.27.