SRM Entertainment, Inc. has entered into a securities purchase agreement with a private investor for a $100 million equity investment to initiate a blockchain-based treasury strategy involving the TRON token (TRX), the company announced Monday.
The transaction, structured through the issuance of Series B Convertible Preferred Stock and accompanying warrants, is part of SRM’s effort to build a digital asset reserve using TRX. As part of the strategic move, TRON blockchain founder Justin Sun will serve as an advisor to the company. SRM also intends to rebrand as “Tron Inc.”
Terms of the SRM Entertainment Offering and Strategic Direction
Under the agreement, SRM will issue 100,000 shares of Series B Convertible Preferred Stock, convertible into 200 million shares of common stock at a conversion price of $0.50 per share. Additionally, the investor will receive 220 million warrants with an exercise price of $0.50 per share, which would value the full transaction at $210 million if exercised in full.
The company stated it will use proceeds from the deal to launch a TRX-focused treasury strategy. This includes exploring staking activities and the potential implementation of a dividend policy tied to the TRON ecosystem.
Focus on Blockchain Payments and Stablecoin Infrastructure
SRM said the investment reflects its belief in the expanding role of blockchain in cross-border payments, particularly through stablecoins. TRON, one of the largest blockchain platforms for stablecoin transactions, reports over 310 million user accounts and daily on-chain transactions averaging more than $20 billion in 2025.
In a statement, SRM CEO Rich Miller said the company is positioning itself to align with the “next generation of financial infrastructure.” Sun added that TRON aims to serve as a primary settlement layer for global on-chain payments.
Regulatory Disclosure
The securities offered in the private placement have not been registered under the Securities Act of 1933 and are being sold to accredited investors under an exemption. SRM emphasized that the announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in jurisdictions where such actions would be unlawful.
