Everything Blockchain has announced plans to invest $10 million in various cryptocurrencies including Solana and XRP to establish a treasury.
Everything Blockchain's Cryptocurrency Investments
In a press release dated June 20, Everything Blockchain disclosed its plans to invest $10 million across five blockchain networks, including Solana (SOL), XRP, Sui (SUI), Bittensor (TAO), and Hyperliquid (HYPE). This move positions the company as the first in the U.S. to create a multi-token staking treasury.
Company's Key Assets
Everything Blockchain hinted at building a public crypto treasury similar to companies like Sol Strategies and Janover, which have raised significant funds to accumulate Solana. The company plans to provide staking rewards directly to shareholders through potential dividends, potentially creating the first crypto dividend strategy in public markets.
Staking Market and ETF Prospects
Bloomberg analysts have raised the odds of spot Solana ETF approval to 90% after the SEC requested updated S-1 forms from issuers. Despite interest in XRP and Sui, these tokens remain under selling pressure due to technical weaknesses. Meanwhile, HYPE and TAO are also being considered for inclusion in corporate treasuries.
Everything Blockchain continues to leverage skills and explore opportunities in the cryptocurrency market by creating a treasury that could redefine the public company landscape.
