- C2 Blockchain Inc. (CBLO, Financial) plans to acquire 1,000,000 Cardano (ADA) tokens for treasury diversification.
- The acquisition will occur in phases, potentially using debt or equity-linked instruments.
- ADA tokens to be held in secure, institutional-grade custody, potentially used for staking operations.
C2 Blockchain Inc. (CBLO), a digital asset infrastructure company, has announced its intention to acquire 1,000,000 Cardano (ADA) tokens as part of its long-term digital asset strategy. This move is designed to diversify the company's treasury and enhance its integration with decentralized technologies.
The acquisition will be conducted in phases, with the company considering various financing tools, including debt or equity-linked instruments, as approved by its board of directors. This decision follows an updated digital asset investment policy, which allows the company to hold cryptocurrencies in secure, third-party institutional-grade custody.
Cardano's advanced proof-of-stake blockchain platform, known for its focus on digital identity, smart contracts, tokenization, and financial inclusion, is a primary reason for its selection. The potential use of ADA tokens for staking operations aligns with C2 Blockchain's strategic objectives, subject to regulatory requirements.
This strategic plan mirrors similar initiatives by companies such as MicroStrategy (MSTR), Tesla (TSLA), Riot Platforms (RIOT), and Marathon Digital Holdings (MARA), yet uniquely positions C2 Blockchain with a focus on Cardano. The firm believes in the transformative potential of proof-of-stake networks in shaping the future of decentralized finance.
C2 Blockchain Inc., headquartered in Miami Beach, Florida, is committed to advancing decentralized finance through scalable, intelligent solutions, and aims to leverage Cardano's capabilities to further its strategic objectives.
