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Apart from Bitcoin (BTC) and Ethereum reserves, reserve purchases have recently begun. Among these, Solana and XRP are more popular, while the altcoin Hyperliquid (HYPE) has also attracted attention in recent days.
While there has been an increase in interest in altcoins on the institutional front, blockchain infrastructure company Everything Blockchain announced that it will invest $10 million in five altcoins of its choice.
According to the official statement, Everything Blockchain announced its plan to invest $10 million in five altcoins, XRP, Solana (SOL), Sui (SUI), Bittensor (TAO) and Hyperliquid (HYPE), which it sees as the five fastest-growing blockchain networks.
Arthur Rozenberg, CEO of Everything Blockchain, said:
“While Bitcoin is making headlines, the real money is flowing into the blockchain networks that power the financial infrastructure of tomorrow.
EBZT shareholders are getting a front row seat to the largest institutional crypto exchange since the launch of Bitcoin ETFs, but this time we're there first.”
As institutional investment in altcoins has increased recently, Sharplink Gaming announced that it purchased $463 million worth of Etheruem (ETH).
Nasdaq-listed Lion Group announced that it has secured $600 million in financing. The money will be used to launch the company’s Treasury Initiative focused on HYPE, SOL and SUI.
Apart from this, Chinese company DDC Enterprise stated that it plans to accelerate Bitcoin purchases and announced that it will receive a total investment of $528 million in three different ways to increase BTC purchases.
China-based company Webus International Limited announced that it will raise up to $300 million to create Ripple (XRP) reserves for global payments.
Finally, energy company VivoPower also announced that it has adopted the XRP treasury strategy and raised $121 million to launch it.
*This is not investment advice.