BlockBeats News, June 30th, SRM Entertainment, Inc. (NASDAQ: SRM), the world's largest publicly traded Tron (TRX) holder, announced today that it has successfully staked its 365,096,845 TRX through the JustLend platform. By combining standard staking rewards and energy leasing, this operation can increase the TRX staking annual yield to up to 10%. This move follows the company's $100 million financing earlier this month, aimed at launching its TRX reserve strategy.
SRM stated that the company is focused on creating long-term value for shareholders by seizing global opportunities in cryptocurrency, blockchain, and digital innovation. SRM recently appointed Weike Sun as Chairman of the Board and reached an agreement with Tron blockchain founder Justin Sun, who has joined its Strategic Advisory Board. To further leverage the value of its massive TRX reserve, SRM plans to implement a dividend policy. The company also plans to rename itself to "TRON Inc." to better reflect its new strategy.
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