Everything Blockchain Plans $10 Million Investment in Five Blockchain Networks
Everything Blockchain Inc (OTC: EBZT) plans to invest $10 million in five blockchain networks: Solana, XRP, Sui Network, Bittensor, and Hyperliquid. This strategic move aims to position the company for a share of increasing institutional demand in the crypto sector.
Key Highlights
- EBZT is set to become the first US public equity with a multi-token staking treasury targeting institutional adoption.
- The investment could provide retail investors early access to assets before larger institutions enter the market.
- EBZT expects to generate approximately $1 million in annual staking rewards, which could grow as the treasury expands.
- Plans to distribute a portion of staking profits as dividends, marking the first crypto dividend play in public markets.
- CEO Arthur Rozenberg highlighted the company's first-mover advantage in the largely untapped $36 billion annual crypto staking market.
VanEck Lists Solana ETF
In related news, VanEck has listed a Solana ETF on the Depository Trust & Clearing Corporation (DTCC), aimed at promoting altcoin adoption. The SOL price recently dropped to $143, showing a slight increase of 1.69% in the last 24 hours.
Interest in various altcoins, including XRP and Dogecoin, is also growing, with multiple ETF products filed to track these digital assets.