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 among these five assets and plans to turn them into a yielding portfolio through staking.
Based on the current network interest rate, the company expects to receive about a million dollars in staking rewards annually.
The strategy is an attempt to use cryptocurrency as an active income stream, not just a passive investment.
Everything Blockchain
plans to turn its reserves into a yield-generating portfolio under this multi-token staking strategy.
The rewards from staking each asset will be reinvested in staking, while also providing some profit to shareholders.
Each of the five assets has different characteristics and risks:
XRP, for example, is embroiled in a legal dispute with the SEC, but has strong public support,
and SOL has a large ecosystem and generates good staking revenue.
Then there are new networks that are trying to grow, such as SUI and Hyperliquid, 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 a single network experiences problems.
According to reports, ordinary investors will also be able to benefit from staking rewards by purchasing shares of EBZT, as Everything Blockchain will pay a large portion of its staking revenue directly to shareholders.
This will help investors who do not run their own wallets or validator nodes.
Additionally, there is a growing trend in public companies to turn dormant assets into income by staking crypto.
