Everything Blockchain Plans $10M Allocation for XRP Treasury

Leading blockchain infrastructure company Everything Blockchain has announced a $10 million strategic allocation into five crypto assets, including XRP. 

According to an announcement today, Everything Blockchain will allocate $10 million to acquire five high-growth crypto assets: XRP, Solana (SOL), SUI, Hyperliquid (HYPE), and Bittensor (TAO).

Multi-Token Staking Treasury

Notably, Everything Blockchain claims the move positions it as the first publicly listed entity to implement a multi-token staking treasury. The development comes as corporate entities, including GameStop, increasingly engage with the crypto space.

While most public companies buy and hold crypto assets in their treasuries, Everything Blockchain plans to turn its multi-token reserve into an active, yield-staking portfolio.

Through this strategy, the company aims to earn staking rewards, projecting up to $1 million annually. This estimate is based on current network staking yields, with expectations of higher rewards in the future as the multi-token treasury expands..

First-Mover Edge

Furthermore, Everything Blockchain asserts that retail investors can gain exposure to staking rewards simply by holding its stock, EBZT. The company suggests this offers retail investors a first-mover advantage ahead of institutional participation.

According to the announcement, the firm intends to distribute a significant portion of the projected $1 million in staking rewards directly to EBZT shareholders.

In his commentary, Everything Blockchain CEO Arthur Rozenberg acknowledged Bitcoin’s market dominance and its continued presence in headlines. Nonetheless, he emphasized that substantial capital is now being directed toward blockchain networks that will power the financial infrastructure of the future.

Despite Messari estimating that the global crypto staking market could reach $36 billion annually, Everything Blockchain noted that public companies have yet to enter the sector. As such, the company believes its early entry into the staking market gives it a strategic advantage over Wall Street competitors.

Public Companies Show Strong Interest in XRP

Meanwhile, the move underscores the growing interest in XRP among public companies. As previously reported, several public companies, including Singapore-based Nasdaq-listed Trident Digital Tech Holdings, have announced their intention to hold XRP as a treasury asset.

Earlier this month, Trident announced it would establish the largest XRP treasury, raising $500 million to buy and hold XRP.

Additionally, Webus International, a China-based company, filed with the SEC to establish a $300 million XRP reserve. Other firms with a similar initiative include VivoPower, Wellgistics Health, and Ault Capital Group, which plan to establish XRP reserves worth $100 million, $50 million, and $10 million, respectively.