Asset management company ZeroStack (NASDAQ: $ZSTK) said on Tuesday that it has agreed to make a massive $107 million commitment to increase its position in the 0G token ecosystem.
Once closed, the company is expected to hold approximately 21% of the total supply of 0G tokens (CRYPTO: $0G), marking one of the largest institutional positions in a decentralized AI protocol to date.
To facilitate the transaction, ZeroStack says it formed a Texas company called Texas Blocker Corp., which received a total of 142,232,948 native 0G tokens from investors valued at $107 million.
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“When a public company makes a $107 million, 21% supply level commitment to a single protocol, it sends a clear signal to the market: decentralized AI infrastructure is real, it can be invested in, and 0G is leading the way,” said Michael Heinrich, CEO of 0G.
The deal, which is expected to close in early July, will see Texas Blocker become a subsidiary of ZeroStack, the first Nasdaq-listed vehicle to offer concentrated liquid exposure to the 0G protocol.
The transaction also liquidates a previously outstanding token-denominated convertible note, leaving the company debt-free with plans to generate recurring staking income from its massive 0G position.
The 0G token is listed on major global exchanges including Binance and OKX and trades around 52 cents.
ZeroStack shares are trading at $5.62 on the Nasdaq stock exchange.