On July 16, the stock price of SRM Entertainment rose by 30%, currently reported at $8.8. The company will be renamed Tron Inc in 2025, with the stock code changing to TRON, and it will go public through a reverse merger. TRON has staked all TRX to generate income.

Odaily News SRM Entertainment, a Nasdaq-listed company, announced that its name has been changed to Tron Inc. The company will also change its stock ticker to "TRON" on the Nasdaq Capital Market effective July 17, 2025. The CUSIP number 85237B101 will remain unchanged after the name and ticker change. (Globenewswire)

Gate News bot消息，Gate News讯，SRM Entertainment, Inc.（纳斯达克代码：SRM）日前宣布已完成价值1亿美元的TRON金库策略部署。该公司通过JustLend平台抵押了365,096,845枚TRX，此举将获取年化最高10%的收益，收益来源包括stake奖励与能量租赁

SRM Entertainment, Inc. announced the successful staking of 365,096,845 TRX through the JustLend platform, with an annual yield of up to 10%. This initiative is part of its TRX reserve strategy, following the company's completion of a $100 million financing.

According to Gate News bot, Justin Sun said in an article on X that "Tronstrategy" (i.e., NASDAQ-listed SRM) has a daily trading volume of more than $1.8 billion, surpassing Alibaba ($1.19 billion) and Tencent ($700 million). Previously, Nasdaq-listed SRM Entertainment announced on Monday that the company plans to launch a Tron corporate treasury worth up to $210 million and change the company's name to Tron Inc. According to the announcement, SRM entered into a securities purchase agreement with a private investor to secure a $100 million equity investment to fund its TRON (TRX) treasury strategy. Tron founder Justin Sun will join the company as an advisor.

According to Gate News bot, as reported by Investing, the Nasdaq-listed company SRM has made board personnel adjustments after securing a $100 million equity investment and launching a TRX reserve strategy. Three original board members announced their resignation, and Weike Sun has been appointed as the chairman of the board, while Zhihong Liu and Zi Yang have been appointed as board members. Public information shows that Weike Sun graduated from Qinghai Normal University and previously held senior management and advisory roles at several fintech companies, including Ruibo (Beijing) Technology Co., Ltd.

Odaily News The US stock market shows that the stock price of SRM Entertainment (SRM) has risen significantly due to the news that "SRM Entertainment receives a $100 million investment from Tron and plans to rename itself as Tron Inc". The current price is reported at $4.6, with an increase of 217.3%.

BlockBeats news, on June 16, SRM Entertainment rose by 194.48% in pre-market trading, with a market capitalization of 25 million USD. Previously, TRON announced that it would achieve listing through a reverse merger with SRM Entertainment, which is listed on Nasdaq.