SRM Entertainment Soars 6.42% on Justin Sun's Blockchain Merger

On June 17, 2025, SRM Entertainment's stock surged by 6.42% in pre-market trading, marking a significant rise in investor interest and confidence in the company's future prospects.

Justin Sun, a prominent figure in the cryptocurrency world, recently acquired SRM Entertainment, leading to a substantial increase in the company's stock value. Sun's involvement has been a driving force behind SRM's recent success, as he announced that his blockchain company, Tron, would be going public through a reverse merger with SRM Entertainment. This strategic move includes a unique equity investment model where SRM will hold $100 million in TRX tokens, replacing traditional assets like Bitcoin in its treasury.

SRM Entertainment has also announced a strategic PIPE investment, which includes 100,000 shares of SRM Entertainment's Series B Convertible Preferred Stock. This investment is convertible into 200,000,000 shares of common stock, further bolstering the company's financial position and investor confidence.

The potential move into the US market comes months after the Securities and Exchange Commission (SEC) paused its case against Justin Sun. The US regulatory watchdog earlier charged the TRON founder and his affiliated companies with fraud and market manipulation regarding the unregistered sales of TRX in 2023. Sun was accused of illegally raising $31 million through unregistered token sales and manipulating secondary markets to inflate the token's price. However, the case was paused in February, shortly after President Trump's inauguration, raising criticisms of political involvement in regulatory enforcement.