Sun Yuchen's father has gained control of the listed company SRM Entertainment, which will be renamed Tron Inc

ChainCatcher news, according to a report by Coindesk, disclosed by SEC filings, Sun Yuchen's father, Sun Weike, gained control of the publicly listed company SRM Entertainment through a PIPE transaction valued at $100 million in TRX tokens, which will be renamed Tron Inc. The transaction was arranged by Dominari Securities, associated with the Trump family.

After the transaction is completed, Sun Weike will serve as the chairman of the board, and Tron executives will join the audit, compensation, and nomination committees. Although the transaction did not directly involve Tron DAO, it is seen as an arrangement led by its core management team. The new company plans to emulate MicroStrategy, intending to hold up to $210 million in TRX as a strategic asset in the future.