According to the Financial Times, Tron (TRX), which has survived investigations in the US, is planning to go public in the US.
Accordingly, cryptocurrency billionaire Justin Sun’s altcoin project Tron plans to establish an MSTR-type company and go public with US President Donald Trump’s son Eric Trump.
Tron will go public via a reverse merger with Nasdaq-listed SRM Entertainment in a deal orchestrated by Dominari Securities, a New York-based investment bank with ties to Donald Trump Jr. and Eric Trump, the FT reported, citing two people familiar with the matter.
According to the report, one of the sources said that the new company will follow the tactic of Michael Saylor’s company Strategy and buy and hold Tron (TRX).
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The source also reported that Eric Trump is also expected to join the management team of the new company, which will be called Tron Inc.
The First $100 Million Investment Arrived!
According to an official statement made by SRM Entertainment, TRON has partnered with Justin Sun for a $100 million investment in Strategy.
SRM Entertainment has secured a $100 million equity investment to launch a TRON (TRX) Treasury Strategy. The investment will be used to implement a TRX staking program under which SRM plans to rename itself Tron Inc.
Justin Sun’s bilateral relations with US President Donald Trump are progressing quite well. To this point, in May, Justin Sun and 24 other high-profile holders of the TRUMP memecoin attended a dinner with the president at the Trump National Golf Club in Virginia.
Sun joins as the largest TRUMP holder, with Sun also having a $75 million investment in the Trump family’s crypto firm World Liberty Financial (WLFI).
*This is not investment advice.
Continue Reading: JUST IN! Tron Founder Justin Sun and Eric Trump Join Forces for IPO! TRX Price Soars!
