Everything Blockchain (OTC: EBZT) is the latest to join companies adding cryptocurrencies to their treasuries.
It plans to deploy $10 million across Solana (SOL), XRP, Sui, Bittensor (TAO), and Hyperliquid (HYPE), positioning ahead of potential ETF approvals and expected institutional demand.
Everything Blockchain Announces Solana, XRP, Hyperliquid Treasury
In a press release on June 20, Everything Blockchain disclosed a $10 million in initial investment plans into five of the fastest-growing blockchain networks. These are Solana (SOL), XRP, Sui (SUI), Bittensor (TAO), and Hyperliquid (HYPE).
The move makes the company the first U.S. public equity to implement a multi-token staking treasury.
Also, it offers retail investors the opportunity to gain exposure to these top crypto assets before Wall Street institutions enter at scale.
Notably, many ETF issuers have filed with the US SEC to approve Solana, XRP, Sui, and Hyperliquid ETFs.
Everything Blockchain CEO Arthur Rozenberg believes these blockchains are building the financial infrastructure of the future. Bitcoin and Ethereum were not mentioned, despite agreeing that Bitcoin has grabbed headlines. He said:
The company asserted generating approximately $1 million in annual rewards from the networks’ staking yields.
The company also revealed an interest in expanding the amount of these tokens in the treasury. It disclosed the Nasdaq uplisting plans to raise capital from institutions and established its position as the prime crypto treasury play before competitors flood the space.
Prioritizing SOL, XRP, Hyperliquid and Sui Holdings
Everything Blockchain hinted at building a public crypto treasury similar to Sol Strategies and Janover. These have raised hundreds of millions of dollars from companies and high-net-worth investors to buy Solana.
Sol Strategies held more than 420,706.82 SOL tokens, worth approximately $62 million, according to the company’s website.
Everything Blockchain plans to provide staking rewards directly to its shareholders through potential dividends. This could create the first-ever crypto dividend strategy in public markets.
According to Messari, the $36 billion annual crypto staking market remains partially explored by public companies.
SOL, XRP and Sui Bullish on ETF Buzz
Notably, Bloomberg ETF analysts raised the odds of spot Solana ETF approval to 90% after the US SEC asked issuers to submit updated S-1 forms. Since then, CoinShares and Invesco Galaxy have joined others in the race.
SOL price jumped 2% in the past 24 hours, with the price trading at $147.62. The 24-hour low and high were $143.11 and $148.72, respectively.
At the time of writing, XRP price climbed 1% to $2.17 and Sui jumped nearly 2% to $2.85 in the last 24 hours. Despite many companies adding XRP and Sui as treasury reserve assets, they stay under selling pressure due to technical chart weakness.
Meanwhile, HYPE and TAO were also among the favored tokens for adding to corporate treasuries. Lion Group Holding announced plans to add HYPE, SOL, and SUI to its treasury reserves.
HYPE and TAO were trading range-bound near $38 and $356, respectively. Trading volume fell across the broader crypto market as traders took a wait-and-watch approach.
, XRP, Sui, Bittensor (TAO) and Hyperliquid (HYPE) ahead of their ETF approvals.){kind=link}