TenX Protocols has added Tezos to its crypto treasury after buying around 5.5 million XTZ tokens. The publicly listed company paid an average price of $0.5868 per token, using cash from a previous financing round. The purchase was made as part of a strategic partnership with the Tezos Foundation.
TenX plans to stake the tokens using its own validators to earn regular income. Company executives said Tezos staking can offer annual yields of around 8% to 10%, depending on network conditions. The Tezos Foundation may also delegate part of its holdings to TenX validators, though this will not give TenX any governance control.
The company said it chose Tezos because of its stable governance model and strong technical track record. TenX sees validator operations as a long-term business, focused on reliability and transparency. The firm also plans to explore similar partnerships across other proof-of-stake networks as it builds a diversified staking-based revenue model.
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