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SRM Rebrands to Tron Inc. and Adopts TRON as its New Ticker Symbol
Globenewswire· 2025-07-16 12:30
Company Overview - SRM Entertainment, Inc. has changed its corporate name to Tron Inc. to align with its transformation into a TRON treasury strategy company, effective July 17, 2025 [1] - The company will also change its ticker symbol to "TRON" on the Nasdaq Capital Market [1] - Tron Inc. is the largest publicly traded corporate holder of TRX, currently holding over 365 million TRX tokens [2] Corporate Strategy - The transition to Tron Inc. marks a pivotal moment in the company's strategy to enhance long-term value through Tron treasury management [3] - The CEO believes that TRX will play a critical role in building a next-generation global payment rail and a more inclusive financial infrastructure [3] Industry Context - TRON, founded in 2017, is a decentralized blockchain that supports smart contracts and decentralized applications, offering lower fees and faster transaction times compared to leading blockchains like Bitcoin and Ethereum [4] - As of July 13, 2025, TRON hosts approximately 81.7 billion in US dollar stablecoins [4]
X @Cointelegraph
Cointelegraph· 2025-07-01 01:30
Key Highlights - SRM Entertainment completes $100 million TRON treasury launch [1] - SRM Entertainment stakes 365 million TRX tokens [1] Staking & Yield - Staking aims to enhance yields up to 10% annually [1]