$XRP A leading blockchain company has invested $10 million in XRP and four other prominent cryptocurrencies,
Everything Blockchain
announced on Friday that it will invest a total of $10 million in five crypto tokens,
Including XRP, Solana (SOL), SUi, Hyperliquid (HYPE) and Bittensor (TAO),
The company will distribute the money across these five assets and plans to turn them into a productive portfolio through staking,
At the current network interest rate, the company expects to receive approximately $1 million in staking rewards annually,
This strategy is an attempt to use cryptocurrency as an active income stream, not just a passive investment,
Everything Blockchain
Under this multi-token staking strategy, it plans to turn its reserves into a yield-generating portfolio,
The rewards from staking each asset will be reinvested into staking, as well as providing some profits to shareholders,
Each of the five assets has different characteristics and risks:
For example, XRP, which is in a legal dispute with the SEC, but has strong public support,
And SOL has a vast ecosystem and generates good income from staking,
Then SUI and Hyperliquid are new networks trying to grow, and Bittensor ties its rewards to AI-related tasks,
Investing in five tokens will make the portfolio concentrated, but it could also be more volatile if there is a problem with one of the networks,
According to reports, ordinary investors will also be able to benefit from staking rewards by purchasing EBZT shares as Everything Blockchain will give a large portion of its staking income directly to shareholders,
This will help investors who do not run their own wallets or node validators,
In addition, there is a growing trend among public companies to turn dormant assets into income by staking crypto,
