The US publicly traded company Everything Blockchain plans to make a $10 million strategic investment in SOL, XRP, SUI, TAO, and HYPE.

BlockBeats News, June 20th, U.S.-based publicly traded company Everything Blockchain Inc. (EBZT) announced its plan to allocate $10 million to five major blockchain networks - Solana (SOL), XRP, Sui (SUI), Bittensor (TAO), and Hyperliquid (HYPE), to build an institution-focused multi-token staking treasury.

EBZT stated that this strategy will make it the first U.S. stock company to directly return staking rewards to shareholders. It is expected to generate approximately $1 million in staking rewards annually after deployment and plans to give back to investors in the future through dividend payments. Additionally, EBZT is actively pursuing a Nasdaq listing to attract institutional capital and gain a first-mover advantage in the crypto custody race.