Tron CEO Justin Sun is shaking things up.
If it wasn’t enough that billionaire investor Warren Buffett—who detests all things crypto—has to sit down with the Tron founder and seven of his crypto friends, the venue for the meat-up has also been switched. The annual “power lunch,” which Sun bought for an eye-watering $4.6 million, has taken place in the same New York steakhouse for the last 15 years (apart from a two year stint in Omaha). But this year, it’s heading back to San Francisco, where one of the first meals was held in 2000.
The lunch will take place at a restaurant in the Bay Area on July 25. The specific location hasn’t been revealed yet, nor the exact time. But Sun has said the move was designed to “bridge the gap between the world of blockchain and institutional investors. No where is that goal more apt than in the heartland of tech.”
Other things have been switched up, too. On previous occasions, the New York-based Smith & Wollensky steakhouse paid $100,000 to Glide, a charity for the homeless. Sun has committed to donating an additional $100,000 to the charity that works on homelessness in the Bay Area.
So far, Buffett has been surprisingly positive about the upcoming meal, given his previous statements about bitcoin and other cryptocurrencies. He told Bloomberg, “I’m delighted with the fact that Justin has won the lunch and am looking forward to meeting him and his friends.”
When the story initially broke, many were curious to know which part of Sun’s burgeoning crypto empire was footing the bill. Sun told Yahoo Finance the lunch was bought with ad revenue from BitTorrent, the file streaming service that Tron bought in July, last year.
Is Buffett caving into Sun’s inimitable charms, or is the Oracle of Omaha simply humoring a plucky upstart? The proof will be in the (ludicrously expensive) pudding.
