Justin Sun TRON Nasdaq rang the bell for listing, TRX arbitrage reached $3.8 billion

Justin Sun's blockchain platform TRON has officially listed on NASDAQ as "TRON", with Sun ringing the opening bell at the exchange! ABMedia has analyzed Sun's investment cost and discovered that after investing 365 million TRX, he can obtain a staggering profit of $3.8 billion, with these "Treasury" companies having become profit outlets for crypto whales.

Justin Sun's Father Invests 100 Million TRX in SRM

Justin Sun's blockchain platform TRON went public in the US through a backdoor listing, investing 100 million TRX in SRM Entertainment, a toy and related project manufacturer. Justin Sun's father, Weike Sun, is the sole shareholder of this investment, becoming the chairman of SRM's board of directors. Justin Sun was appointed as an advisor to SRM Entertainment, responsible for assisting in developing TRON reserve strategies and promoting blockchain technology applications.

This investment involves issuing 100,000 Series B convertible preferred shares, convertible to 200 million common shares, with a conversion price of $0.50 per share, totaling $100 million.

Investors will pay $100 million using TRON tokens (TRX), priced based on the closing price on June 15, 2025, with payment to be completed by June 30, 2025. TRX tokens will be stored in an escrow wallet controlled by SRM's board of directors.

Analyzing Justin Sun's Investment Cost

Justin Sun's father, Weike Sun, is merely a nominal shareholder, with Justin Sun being the actual investor and leader. Let's break down his cost and profit model:

• Invested 365 million TRX at the price of $0.274 on 6/15
• Acquired 200 million TRON shares at a cost of $0.50
• Can additionally subscribe to 220 million TRON shares at $0.50 per share

Justin Sun's Total Stock Subscription Profit Reaches $3.8 Billion

Calculations show that Justin Sun's full stock subscription could yield a profit of up to $3.8 billion. Let's examine the profit:

• Subscription cost of $0.50 is far lower than the previous day's (6/14) closing price of $1.43
• Investing 100 million TRX to obtain 200 million TRON shares, with a cost of $0.50 and a closing price of $9.60 on 7/26, yields a profit of $1.82 billion
• If subscribing to an additional 220 million TRON shares at $0.50, the profit could reach $2 billion

However, is the TRX cost truly $0.274? Given Justin Sun's role as founder, the token cost could be near zero, making this sale equivalent to an over-the-counter negotiated price, with potential profits far exceeding these calculations!

While it's unclear whether Justin Sun will subscribe to the additional 220 million TRON shares at $0.50, who wouldn't accept a potential profit of $2 billion, even if paying cash?

This investment brings Justin Sun at least $3.8 billion in profits and allows him to offload his TRX holdings, just as London fintech analyst Boaz Sobrado analyzed in "The Crypto Treasury Pump: Insiders Cashing Out Billions?", suggesting these "Treasury" companies might be profit outlets for crypto whales.

(Worshipping the Wrong Idol? Crypto Treasury Companies Might Just Be Whale Cash-Out Mechanisms, Fictitious "Buying" to Profit from Stock Market Premiums)