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Justin Sun-linked Tron, Inc. plans to go public with a TRX treasury model, enlisting Eric Trump and significant funding, the Financial Times reports.
What’s the Scoop?
- Public Debut: A Justin Sun-linked firm plans to go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment.
- TRX Treasury Model: Tron, Inc. will adopt a TRX acquisition and staking strategy similar to MicroStrategy’s Bitcoin playbook.
- Trump Family Ties: Eric Trump is expected to join the leadership team, reflecting Justin Sun’s deepening ties with the Trump family.
- Funding Commitments: The firm plans to inject $210 million in TRX tokens, backed by a $100M equity investment deal.
- Regulatory Context: This move follows the SEC pausing its fraud investigation into Justin Sun’s companies earlier this year.
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