A well-known 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: $XRP
Hyperliquid (HYPE), and Bittensor (TAO).
The company plans to distribute the funds across these five assets and convert them into a productive portfolio through staking.
Based on current network interest rates, the company expects to earn approximately $1 million annually in staking rewards.
This strategy is an effort to utilize cryptocurrency as an active income stream rather than just a passive investment.
Through this multi-token staking strategy, Everything Blockchain plans to turn its holdings into a yield-generating portfolio.
The rewards earned from staking each asset will be reinvested into staking, and a portion will also be distributed to shareholders.
Each of the five assets has unique characteristics and risks:
For example, XRP is involved in a legal battle with the SEC, but it has strong public support.
SOL (Solana) has a broad ecosystem and generates good income through staking.
Sui and Hyperliquid are newer networks that are in development phases.
Bittensor (TAO) ties its rewards to AI-related work.
Investing in five tokens makes the portfolio focused, but it can also lead to higher volatility if any one network encounters issues.
According to reports, retail investors can also benefit from staking rewards by purchasing EBZT shares, as Everything Blockchain will distribute a significant portion of its staking income directly to shareholders.
This will help investors who do not run their own wallets or node validators.
Moreover, there is a growing trend among public companies to convert idle crypto assets into income through staking.
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