Enlightify Inc., listed on the New York Stock Exchange, announced that it will gradually purchase up to $20 million worth of CYBER tokens from the open market over the next 12 months.
With this move, Enlightify becomes the first public company to make a treasury investment in the CYBER ecosystem.
According to a press release from the company, these acquisitions will be made as part of Enlightify’s long-term digital asset strategy. The acquisitions will be phased using dollar-cost averaging (DCA) and the total investment will not exceed $20 million.
Institutional investments, which previously focused on major digital assets like BTC and ETH, have taken on a new form with Enlightify’s CYBER initiative. According to the press release, CYBER is the native token supporting the decentralized artificial intelligence and social infrastructure developed by the Cyber Foundation.
The Cyber Foundation welcomed Enlightify’s investment decision, stating:
“Enlightify’s decision demonstrates the growing institutional trust in the cyber ecosystem. This investment heralds a new era at the intersection of artificial intelligence and blockchain technology.”
It was also announced that CYBER tokens will be held as long-term treasury assets and that this position will be reviewed periodically depending on market conditions and company strategies.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/new-york-stock-exchange-listed-giant-company-announces-buying-a-large-amount-of-this-binance-listed-altcoin/