Tron Inc. Gains Control of SRM Entertainment in $100 Million Deal

According to Odaily, SEC filings reveal that Sun Weike, father of Justin Sun, has acquired control of the publicly listed company SRM Entertainment through a $100 million TRX token PIPE transaction. The company will be renamed Tron Inc. The deal was arranged by Dominari Securities, which is associated with the Trump family. Following the transaction, Sun Weike will become the chairman of the board, and Tron executives will join the audit, compensation, and nomination committees. Although the transaction does not directly involve Tron DAO, it is seen as an arrangement led by its core management. The newly formed company plans to emulate MicroStrategy by holding up to $210 million in TRX as a strategic asset.