In a recent SEC filing, it was revealed that Weike Sun has gained board control of Tron Inc. following a significant $100 million investment paid entirely in TRX tokens. The arrangement marks an important shift within the company, which is currently undergoing a name change from SRM Entertainment to Tron Inc. This private investment in public equity deal allows Weike Sun to dictate governance decisions, with a board that now includes Tron-aligned advisors.
Notably, Weike Sun has been appointed chairman, while strategic adviser Zhihong Liu and executive Zi Yang have taken key positions on the audit, compensation, and nominating committees. Although the company is transitioning to align more closely with the Tron ecosystem, Liu clarified that Tron DAO is not directly participating in this deal. They remain absent from the SEC filing, and their influence seems to be present only through the newly appointed board members.
The firm aims to acquire substantial TRX holdings, potentially reaching $210 million. This strategy mirrors that of MicroStrategy, which has established a corporate treasury based on Bitcoin. Furthermore, the deal was brokered by Dominari Securities, linked to the Trump family, raising questions about the implications of such affiliations for the visibility and credibility of Tron Inc. Following this news, Tron’s market performance reflects uncertainty, with SRM down 15% and TRX decreasing by 2.5%.
Notably, Weike Sun has been appointed chairman, while strategic adviser Zhihong Liu and executive Zi Yang have taken key positions on the audit, compensation, and nominating committees. Although the company is transitioning to align more closely with the Tron ecosystem, Liu clarified that Tron DAO is not directly participating in this deal. They remain absent from the SEC filing, and their influence seems to be present only through the newly appointed board members.
The firm aims to acquire substantial TRX holdings, potentially reaching $210 million. This strategy mirrors that of MicroStrategy, which has established a corporate treasury based on Bitcoin. Furthermore, the deal was brokered by Dominari Securities, linked to the Trump family, raising questions about the implications of such affiliations for the visibility and credibility of Tron Inc. Following this news, Tron’s market performance reflects uncertainty, with SRM down 15% and TRX decreasing by 2.5%.
