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Everything Blockchain Inc. Allocates $10M to SOL, XRP, SUI, TAO & HYPE Ahead of Institutional Wave
- Everything Blockchain Inc. is allocating $10 million to a multi-token treasury consisting of Solana, Ripple, Sui, Bittensor, and Hyperliquid.
- The company aims to earn up to $1 million annually in staking rewards and share a portion of those rewards with shareholders, creating a 'crypto dividend'.
- EBZT is focused on bridging traditional finance and decentralized finance and aims to provide regular investors with access to yield-generating crypto assets.
- The company is also involved in backing enterprise adoption of blockchain technology through its various divisions.
- EBZT CEO highlighted the importance of timing as institutional money flows into blockchain networks.
- The company hopes to lead a wave of crypto treasury innovation and capitalize on the growing staking market.
- Lion Group Holding Ltd. secured a $600 million funding facility to build a crypto asset treasury focusing on Hyperliquid, Solana, and Sui.
- Hyperliquid, despite recent price dips, remains a significant player in the DeFi sector and is attracting attention.
- DeFi Development Corp, a Nasdaq-listed company, has accumulated over 621,000 SOL, indicating growing interest in Solana.
- XRP is seeing institutional players adding over $1 billion worth of XRP to their treasuries, signaling a potential institutional era for the token.
- Analysts project XRP could reach $10 as it currently trades around $2.17.
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