Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Zerostack’s Crypto Holdings Top $1 Billion

Zerostack’s Crypto Holdings Top $1 Billion

The cryptocurrency holdings of Zerostack, a pharmaceutical distribution company that has shifted towards becoming an asset manager and cryptocurrency acquirer, have reached $1.06 billion U.S. The company's crypto holdings are composed of 925.9 million MemeCore tokens (valued at $1.03 billion U.S.) and 223.8 million 0G tokens (valued at $36 million U.S.).

MemeCore is a Layer 1 blockchain aimed at transforming meme coins from short-term hype into long-term economic projects, while 0G is a modular Layer 1 blockchain and decentralized operating system designed to support and scale AI applications on-chain. Zerostack disclosed that its cryptocurrency holdings represent approximately $18.19 U.S. per share, emphasizing the importance of transparent evaluation for investors.

Despite the recent decline of 74% in ZSTK stock over the past year, the company's cryptocurrency treasury remains a noteworthy factor in its current equity valuation.

Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at finance.yahoo.com →

More in Finance & Markets

More from Tuesday 25 August →