en.bitcoinsistemi.com
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.