TRX $0.27377, similar to Michael Saylor-led bitcoin

 

 holding firm Strategy (MSTR). Tron will add $210 million worth of tokens into the new firm.

TRX jumped nearly 4% to 28 cents after the FT report was published. Shares of SRM Entertainment jumped nearly 250% to $5.1 in pre-market trading.

The move comes as a slew of crypto firms have gone public in the U.S., including stablecoin giant Circle, whose shares have jumped more than three-fold from its IPO price of $31. The FT reported that Eric Trump, son of U.S. President Donald Trump, would take a role in the new firm called Tron Inc., but Eric denied this in a post on X (formerly Twitter), saying he had no "public involvement."