Key Points
- Tron will reportedly go public in the US in a reverse merger with SRM Entertainment.
- The new venture called Tron Inc. will buy and hold TRX, following the footsteps of Strategy₿.
- Eric Trump is expected to take a role at the new company.
UPDATE: While publicly expressing his admiration for the Tron project, Eric Trump denied any involvement in it, saying that the Financial Times’ report is inaccurate.
.@tier10k I’m the biggest fan of Tron and love @justinsuntron – he is a great friend and an icon in the crypto space. That said the below is inaccurate – I don’t have public involvement. https://t.co/CDt0uudY1s
— Eric Trump (@EricTrump) June 16, 2025
The Financial Times revealed on June 16 some bullish news regarding Tron. It seems that the company will go live in the US, merge with SRM Entertainment, and form a new venture which will reportedly onboard Donald Trump’s son, Eric Trump.
Here are all the details about the optimistic announcement that triggered a price surge for TRX on June 16.
Tron to Go Public in the US
The publication began its article posted on June 16 by saying that Justin Sun’s Tron will go public in the US, just four months after the market regulators agreed to pause a fraud investigation into some of Sun’s companies.
Financial Times quoted sources who are familiar with the situation and said that Tron will go public in a reverse merger with SRM Entertainment, which is listed on NASDAQ. SRM Entertainment is a company specializing in designing, developing, and distributing exclusive licensed children’s products.
According to the publication, this deal will be orchestrated by Dominari Securities, a New York boutique investment bank related to Trump’s two sons, Donald Trump Jr. and Eric Trump.
Tron Inc. to Onboard Eric Trump
The new venture will be called Tron Inc., and it will buy and hold TRX, following a similar strategy to
Strategy₿, which began accumulating BTC in August 2020.
The same source said that Eric Trump is expected to be a part of the team. Also, the deal will involve Tron injecting up to $210 million worth of digital assets into the new company.
Back in 2023, Justin Sun and three of his companies, including Tron, were charged by the US SEC over allegations that they sold unregistered securities, manipulating the market, but the lawsuit has been paused, noted the Financial Times.
TRON reacted to the news, and its price recorded a sharp spike.
TRX Price Spiked
TRX price surged by 3.33% after the announcement came out, taking the digital asset to over $0.287. The coin hit a market cap above $27 million before settling at current prices.
At the moment of writing this article, TRX is trading above $0.278 and has a market cap of over $26,3 billion. TRX is up by more than 2% in the past 24 hours.
