In addition to Bitcoin (BTC) and Ethereum reserves, an increase in altcoin reserve purchases has also been observed recently. Particularly, while Solana and XRP attract attention, the altcoin named Hyperliquid (HYPE) has also become a focal point in recent days.
While institutional investors' interest in altcoins is rising, blockchain infrastructure company Everything Blockchain announced that it will invest a total of 10 million dollars in five selected altcoins.
The official statement indicated that investments will be made in the projects XRP, Solana (SOL), Sui (SUI), Bittensor (TAO), and Hyperliquid (HYPE), which Everything Blockchain considers to be the fastest-growing blockchain networks.
Arthur Rozenberg, CEO of Everything Blockchain, stated the following:
“While Bitcoin often makes headlines, real capital is turning to blockchain networks that build tomorrow's financial infrastructure. EBZT shareholders are leading the largest institutional crypto transformation since the launch of Bitcoin ETFs; this time, we are ahead.”
As institutional investments in altcoins gain momentum, Sharplink Gaming announced that it made a purchase of $463 million in Ethereum (ETH). Lion Group, which is listed on the Nasdaq, has secured $600 million in new financing. It was noted that this funding will be evaluated under the company's HYPE, SOL, and SUI-focused Treasury Initiative.
In addition, China-based DDC Enterprise announced that it plans to raise a total of $528 million through three different methods to increase Bitcoin purchases.
Similarly, the Chinese firm Webus International Limited aims to raise up to $300 million to establish a Ripple (XRP) reserve for global payments.
Finally, VivoPower, which operates in the energy sector, announced that it has adopted an XRP-focused treasury strategy and has raised $121 million for this purpose.
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