A surprising name has entered the digital asset arena: Enlightify Inc., a New York Stock Exchange-listed company, has begun accumulating CYBER tokens as part of a strategic treasury initiative.
Over the coming year, the firm intends to commit up to $20 million toward this effort.
This isn’t just a speculative trade. Enlightify is reportedly adopting a slow and steady accumulation method, gradually buying into the CYBER ecosystem rather than executing a bulk purchase. Their approach mirrors dollar-cost averaging principles, often favored by cautious long-term investors.
What’s most notable is the context. Traditionally, institutional exposure to crypto has been limited to mainstream assets like Bitcoin and Ethereum. Enlightify’s pivot toward CYBER marks a departure from that norm and positions the company as the first public enterprise to treat CYBER as a treasury asset.
CYBER, the utility token backing the decentralized infrastructure built by the Cyber Foundation, supports a network focused on blending blockchain with artificial intelligence and social technologies. The Foundation praised Enlightify’s move, seeing it as validation of the project’s broader relevance to institutional players.
While Enlightify plans to hold the tokens for the long haul, executives confirmed that market dynamics and company objectives would influence any future reevaluation of the position.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/wall-street-firm-dives-into-ai-blockchain-with-cyber-investment/