Public company Sonnet establishes $888 millions crypto DAT
According to Jinse Finance, Arkham ZH disclosed that the US-listed company Sonnet Biotherapeutics has merged with Hyperliquid Strategies Inc. to establish a digital asset treasury (DAT) centered around HYPE. Currently, there are $888 million in committed funds, with approximately 65% invested in the form of HYPE tokens and about 35% in US dollars. The shareholders' vote was passed this morning, officially confirming this reserve plan.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Infrastructure software provider Antithesis completes $105 million Series A funding round, led by Jane Street
Georgia signs memorandum of understanding with Hedera to explore on-chain real estate registration and tokenization
Parataxis Holdings plans to acquire Sinsiway for $27 million and transform it into an ETH asset management company.
Trending news
MoreCrypto prices
More
