"TRX Microstrategy" SRM Has Staked All Its TRX to Earn Staking Rewards

BlockBeats News, June 30 — SRM Entertainment, Inc. (NASDAQ: SRM), the world’s largest publicly listed holder of TRON (TRX), announced today that it has successfully staked its 365,096,845 TRX tokens through the JustLend platform. By combining standard staking rewards with energy leasing, this move can boost the annual yield on TRX staking to as high as 10%. This initiative follows the company’s $100 million financing completed earlier this month and is intended to kickstart its TRX reserve strategy.

SRM stated that the company is focused on creating long-term value for shareholders by seizing opportunities in global cryptocurrency, blockchain, and digital innovation. SRM recently appointed Weike Sun as Chairman of the Board and reached an agreement with Justin Sun, founder of the TRON blockchain, who has joined its Strategic Advisory Board. To further leverage the value of its substantial TRX reserves, SRM plans to implement a dividend policy. The company also intends to change its name to “TRON Inc.” to better reflect its new strategy.