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SRM Completes $100,000,000 TRON Treasury Launch
Globenewswireยท 2025-06-30 12:30
Core Insights - SRM Entertainment, Inc. has successfully staked its treasury holdings of 365,096,845 TRON (TRX) tokens, enhancing staking yield to up to 10% per annum through JustLend [2][3] - The company aims to create long-term value for shareholders by leveraging the global adoption of cryptocurrency and blockchain technology [3][4] - SRM plans to implement a dividend policy and change its name to TRON Inc. to align with its new strategic direction [3][4] Company Strategy - The company has appointed Weike Sun as Chairman of the Board and entered into an agreement with TRON Blockchain Founder Justin Sun for strategic advisory [3] - SRM's treasury strategy is designed to unlock new value for shareholders, particularly as blockchain technology gains wider adoption [4] - The company focuses on cross-border settlement in US dollar stablecoin, positioning itself as an industry leader [4] Industry Context - TRON, founded in 2017, is a decentralized blockchain that supports smart contracts and decentralized applications, known for lower fees and faster transaction times compared to Bitcoin and Ethereum [6] - As of June 29, 2025, TRON hosts approximately 80.7 billion in US dollar stablecoins, indicating its significant role in the cryptocurrency market [6]