INSUBCONTINENT EXCLUSIVE:
Nasdaq-listed SRM Entertainment is set to launch a Tron corporate treasury of up to $210 million and change its name to Tron Inc., the
company announced on Monday.According to the announcement, SRM entered a securities purchase agreement with a private investor for a $100
million equity investment to fund its Tron (TRX) treasury strategy
Tron founder Justin Sun will join the company as an adviser.As part of the deal, SRM Entertainment will issue 100,000 shares of its Series B
convertible preferred stock
This stock can be converted into a total of 200 million shares of common stock at a conversion price of $0.50 per share, and 220 million
Dominari Securities, the bank that structured the deal, reportedly has ties to the family of US President Donald Trump
$340M for Bitcoin treasuryTron Inc
eyes staking and dividend strategyTron Inc
plans to implement a dividend policy after implementing a TRX staking program with company assets
In the announcement, Justin Sun, founder of Tron, said blockchains and stablecoins are seeing increasing real-world usage
mid-May showing that stablecoin issuer Tether minted another $1 billion in USDT tokens on the Tron network, pushing its authorized USDT
supply beyond that of Ethereum
regulatory thaw between the US Securities and Exchange Commission and Sun
reception with the US president.Magazine: Older investors are risking everything for a crypto-funded retirement
