SRM Entertainment, Inc. (Nasdaq: SRM) revealed a $100 million equity investment from a private investor to launch a TRON Token (TRX) Treasury Strategy. The company also appointed Justin Sun, founder of the TRON blockchain, as an advisor.
Under the Securities Purchase Agreement, SRM will issue 100,000 shares of Series B Convertible Preferred Stock convertible into 200 million common shares at $0.50 each, plus 220 million warrants exercisable at the same price. The company plans to rebrand as Tron Inc. Dominari Securities LLC serves as the exclusive placement agent.
The investment could reach $210 million if all warrants are exercised, enabling SRM to build a significant TRON Treasury. The strategy includes plans to introduce a dividend policy after establishing a TRX staking program. CEO Rich Miller said the move aligns with the company’s vision to leverage blockchain and digital innovation for long-term shareholder value.
“Stablecoins and blockchain are revolutionizing global payments, enabling faster, cheaper, and more transparent transactions. With over 310 million international user accounts and daily transactions exceeding $20 billion year-to-date, TRON aims to be the preferred protocol for on-chain settlement worldwide,” said Justin Sun.
TRON, founded in 2017, is a decentralized blockchain supporting smart contracts and decentralized apps. It offers faster transactions and lower fees compared to Bitcoin and Ethereum, hosting nearly $78.7 billion in US dollar stablecoins as of June 15, 2025.
SRM specializes in designing and manufacturing licensed merchandise for major theme parks and entertainment venues globally.
Note: The securities involved in this private placement are unregistered and offered only to accredited investors. They cannot be sold in the U.S. without SEC registration or exemption.