The blockchain project Tron is preparing to go public in the United States through a reverse merger, and will establish a holding company specifically for holding TRX tokens, similar to MicroStrategy's strategy of holding Bitcoin. This plan is not only related to listed companies on NASDAQ but also involves the capital influence and direct participation of the Trump family.
Shell Listing: Tron locks SRM Entertainment for listing operations
According to a report by the Financial Times, Tron is preparing to conduct a reverse merger with Nasdaq-listed company SRM Entertainment, thereby indirectly achieving a public listing in the United States. The transaction is being led by Dominari Securities, an investment firm closely related to the Trump family. This will allow Tron to enter the U.S. capital market in a way that has a lower threshold, avoiding the cumbersome processes and regulatory scrutiny of a traditional IPO.
Tron Inc. New Company Model: Buy Tokens, Don’t Sell Tokens, Just Hold
Similar to the Bitcoin holding strategy led by Michael Saylor's MicroStrategy, the newly established Tron Inc. will also focus on buying and holding TRX Tokens for the long term. According to reports, Tron will inject $210 million worth of TRX assets as startup capital. This type of holding model can be seen as a manifestation of a bullish belief in crypto assets, while providing investors with a financial instrument to indirectly participate in the price fluctuations of TRX.
The Trump family is deeply involved, and Eric Trump will take on a role in the new company.
Eric Trump, the son of U.S. President Donald Trump, will also participate in the operational role of Tron Inc. Sun Yuchen's close relationship with the Trump family has long been evident; he not only attended a presidential dinner held for the major holders of the TRUMP meme coin but also holds as much as 75 million dollars worth of World Liberty Financial tokens, which are also deeply connected to the Trump family.
SEC case called off, Sun Yuchen publicly supports Trump
After Trump regained power, the U.S. Securities and Exchange Commission (SEC) originally paused its handling of Sun Yuchen's civil fraud case. Recently, Sun Yuchen clearly expressed his support for Trump's pro-cryptocurrency policies during an interview, even stating that this is "one of the president's most correct decisions." He emphasized, "All naysayers should reassess; many positive changes are happening in the crypto industry."
The market reaction is enthusiastic: TRX and SRM stock prices are rising together.
After the news broke, the market reacted quickly. The price of TRX rose nearly 4%, reaching 0.28 dollars; while the stock price of SRM Entertainment skyrocketed nearly 250% in pre-market trading, reaching 5.1 dollars.
Tron's actions are not the first of their kind. Stablecoin giant Circle has recently completed its listing in the US, and its stock price has soared more than three times since the IPO price of $31 per share. As the political and financial environment for the crypto industry in the US gradually warms up, more and more companies are actively expanding their capital market layout.
This article about Tron plans to go public in the US, creating a TRX holding company model similar to MicroStrategy, first appeared in Chain News ABMedia.
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Tron plans to list in the US, creating a TRX holding company model similar to MicroStrategy.
The blockchain project Tron is preparing to go public in the United States through a reverse merger, and will establish a holding company specifically for holding TRX tokens, similar to MicroStrategy's strategy of holding Bitcoin. This plan is not only related to listed companies on NASDAQ but also involves the capital influence and direct participation of the Trump family.
Shell Listing: Tron locks SRM Entertainment for listing operations
According to a report by the Financial Times, Tron is preparing to conduct a reverse merger with Nasdaq-listed company SRM Entertainment, thereby indirectly achieving a public listing in the United States. The transaction is being led by Dominari Securities, an investment firm closely related to the Trump family. This will allow Tron to enter the U.S. capital market in a way that has a lower threshold, avoiding the cumbersome processes and regulatory scrutiny of a traditional IPO.
Tron Inc. New Company Model: Buy Tokens, Don’t Sell Tokens, Just Hold
Similar to the Bitcoin holding strategy led by Michael Saylor's MicroStrategy, the newly established Tron Inc. will also focus on buying and holding TRX Tokens for the long term. According to reports, Tron will inject $210 million worth of TRX assets as startup capital. This type of holding model can be seen as a manifestation of a bullish belief in crypto assets, while providing investors with a financial instrument to indirectly participate in the price fluctuations of TRX.
The Trump family is deeply involved, and Eric Trump will take on a role in the new company.
Eric Trump, the son of U.S. President Donald Trump, will also participate in the operational role of Tron Inc. Sun Yuchen's close relationship with the Trump family has long been evident; he not only attended a presidential dinner held for the major holders of the TRUMP meme coin but also holds as much as 75 million dollars worth of World Liberty Financial tokens, which are also deeply connected to the Trump family.
SEC case called off, Sun Yuchen publicly supports Trump
After Trump regained power, the U.S. Securities and Exchange Commission (SEC) originally paused its handling of Sun Yuchen's civil fraud case. Recently, Sun Yuchen clearly expressed his support for Trump's pro-cryptocurrency policies during an interview, even stating that this is "one of the president's most correct decisions." He emphasized, "All naysayers should reassess; many positive changes are happening in the crypto industry."
The market reaction is enthusiastic: TRX and SRM stock prices are rising together.
After the news broke, the market reacted quickly. The price of TRX rose nearly 4%, reaching 0.28 dollars; while the stock price of SRM Entertainment skyrocketed nearly 250% in pre-market trading, reaching 5.1 dollars.
Tron's actions are not the first of their kind. Stablecoin giant Circle has recently completed its listing in the US, and its stock price has soared more than three times since the IPO price of $31 per share. As the political and financial environment for the crypto industry in the US gradually warms up, more and more companies are actively expanding their capital market layout.
This article about Tron plans to go public in the US, creating a TRX holding company model similar to MicroStrategy, first appeared in Chain News ABMedia.