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 among the five assets and plan to turn them into a productive portfolio through staking.
Based on the current network interest rate, the company expects to earn about $1 million in staking rewards annually.
The strategy is an attempt to use cryptocurrency as an active income stream, not just a passive investment.
Everything Blockchain’s multi-token staking strategy plans to turn its reserves into a yield-generating portfolio.
The rewards earned from staking each asset will be reinvested in staking, while also 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 large ecosystem and generates good income from staking,
Then SUI and Hyperliquid are new networks that are trying to grow, and Bittensor ties its rewards to AI-related tasks.
Investing in five tokens will make the portfolio concentrated, but it can also be more volatile if a single network has problems.
According to reports, ordinary investors will also be able to benefit from staking rewards by buying shares of EBZT, 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, staking crypto in public companies There is a growing trend of converting inactive assets into income.
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