ChainCatcher news, according to a report by Coindesk, disclosed by SEC filings, Sun Yuchen's father, Sun Weike, gained control of the publicly listed company SRM Entertainment through a PIPE transaction valued at $100 million in TRX tokens, which will be renamed Tron Inc. The transaction was arranged by Dominari Securities, associated with the Trump family.After the transaction is completed, Sun Weike will serve as the chairman of the board, and Tron executives will join the audit, compensation, and nomination committees. Although the transaction did not directly involve Tron DAO, it is seen as an arrangement led by its core management team. The new company plans to emulate MicroStrategy, intending to hold up to $210 million in TRX as a strategic asset in the future.

ChainCatcher news, influenced by the news that "SRM Entertainment receives $100 million investment from Tron and plans to rename itself as Tron Inc," the stock price of SRM Entertainment (SRM) continues to rise, currently reported at $9.38, an increase of 546.91%.Previous news, SRM plans to rename itself as Tron Inc and has signed a $100 million equity financing agreement to initiate the TRX treasury strategy. Tron is expected to conduct a reverse merger with SRM Entertainment to achieve listing, with the deal being managed by the boutique investment bank Dominari Securities, based in New York and connected to Donald Trump Jr. and Eric Trump, and mimicking the strategy of Strategy (formerly MicroStrategy) to buy and hold Tron tokens (TRX).

ChainCatcher news, according to market data, US stock SRM Entertainment opened at $6.7, currently reported at $5.9, an increase of over 300%, with a market capitalization rising to $110 million, setting a new historical high.ChainCatcher previously reported that Tron will achieve listing through a reverse merger with SRM Entertainment, which is listed on Nasdaq.