{"id":3070,"date":"2025-06-17T08:14:01","date_gmt":"2025-06-17T08:14:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/justin-suns-newly-acquired-srm-entertainment-stock-skyrockets-over-530\/"},"modified":"2025-06-17T08:14:09","modified_gmt":"2025-06-17T08:14:09","slug":"justin-suns-newly-acquired-srm-entertainment-stock-skyrockets-over-530","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/justin-suns-newly-acquired-srm-entertainment-stock-skyrockets-over-530\/","title":{"rendered":"Justin Sun\u2019s newly acquired SRM Entertainment stock skyrockets over 530%"},"content":{"rendered":"
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SRM Entertainment, the Florida-based theme park supplier that was recently merged with Justin Sun\u2019s TRON, saw its SRM stock soar by more than 530% at its last closing price.<\/p>\n

According to data<\/a> from Yahoo Finance, SRM Entertainment\u2019s stock, selling under the ticker SRM, recently reached new heights after Sun announced his blockchain company Tron (TRX) is set to go public in a reverse merger involving the Florida-based company.<\/p>\n

The SRM stock hit its highest peak by late June 16, reaching a high of 10.84, making the 10-fold leap from its initial 1.48 price just a day prior. Upon market close, SRM was still riding the high that followed after the Tron announcement made headlines, closing at 9.19. <\/p>\n

Compared to its previous close, at 1.45 on June 13, the theme park supplier saw a 533% increase. Not only that, but the trading volume multiplied from an initial 2.05 million in shares to 250 million in trading volume. <\/p>\n

In turn, Tron\u2019s price also jumped to nearly $0.30 following the announcement. At press time, the token has gone up by nearly 2.5%, trading at a price of $0.28. Its current price stands 35% below its previous all-time high of $0.43 from December last year.<\/p>\n

This meteoric rise in the Nasdaq-listed SRM stock was mostly fueled by its recent $210 million-reverse merger with Justin Sun\u2019s Tron. However, the merger also resulted in the company considering a complete name change and a new treasury strategy.<\/p>\n

<\/source><\/p>\n<\/picture>
Price chart for Justin Sun\u2019s Tron native token, TRX, June 17, 2025 | Source: crypto.news<\/figcaption><\/figure>\n

<\/p>\n

Justin Sun\u2019s Tron and SRM Entertainment\u2019s reverse merger<\/h2>\n

According to the company\u2019s press release<\/a>, the company plans to rename itself as \u201cTron\u201d and begin accumulating the Tron tokens to maximize shareholder value, as part of its shift into the new Tron-led \u201cTreasury Strategy.\u201d<\/p>\n

\u201cWe are excited to invest into the future of the world\u2019s next generation financial infrastructure,\u201d said Chief Executive Officer of SRM Entertainment, Rich Miller.<\/p>\n

Additionally, the company elected Tron founder Justin Sun as an advisor for the Florida firm. It also declared that it has received a $100 million equity investment from a \u201cprivate investor.\u201d<\/p>\n

As previously reported by crypto.news, the merger was arranged by boutique investment bank Dominari Securities. The firm is well-known for having ties with the Trump family, specifically Donald Trump Jr. and Eric Trump.<\/p>\n

However shortly after the deal was widely reported, Eric Trump posted a statement on X denying any involvement with the firm.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

SRM Entertainment, the Florida-based theme park supplier that was recently merged with Justin Sun\u2019s TRON, saw its SRM stock soar by more than 530% at its last closing price. According…<\/p>\n","protected":false},"author":1,"featured_media":3071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3070"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3070\/revisions"}],"predecessor-version":[{"id":3072,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3070\/revisions\/3072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3071"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}