ZIGChain Price Rises 22% After $30M BTCS Investment in ZIG Treasury Strategy
ZIGChain’s value soared by over 22%, hitting a peak of $0.11 after a major announcement regarding digital asset treasury from the Europe-based firm, BTCS.
Summary
- ZIGChain’s price surged by more than 22%, reaching highs of $0.11.
- The token’s value spiked as BTCS communicated a $100 million fundraise, with $30 million allocated for its ZIG digital asset treasury initiative.
ZIGChain, a layer 1 blockchain dedicated to democratizing wealth generation via real-world asset tokenization, saw its native token’s price ascend by over 22% to nearly $0.11.
This price increase marked an intraday high, representing the best performance for the altcoin in over a month, following an announcement from the publicly traded BTCS. Recognized as Europe’s largest digital asset treasury company, BTCS revealed it had secured $100 million in a fresh funding round.
BTCS plans to direct the proceeds from this Series G funding towards its cryptocurrency treasury strategy, reserving $30 million specifically for a ZIGChain (ZIG) treasury plan.
BTCS Emphasizes ZIG Yields
In a bid to enhance its diversified treasury strategy, BTCS intends to allocate 60% of the funds towards Bitcoin (BTC) exposure and 10% towards Core (CORE). This targeted approach in BTCS’s active treasury strategy sets it apart from the typical passive “buy and hold” strategy.
The objective of BTCS’s strategy is to generate operational revenue and yield, even during stagnant market conditions.
“The inclusion of ZIGChain in BTCS’s treasury strategy indicates a significant shift towards productive digital asset treasuries,” remarked Abdul Rafay Gadit, co-founder of ZIGChain and member of BTCS’s Supervisory Board.
He also mentioned:
“Unlike passive holdings, validators and staking rewards provide continuous revenue streams while actively strengthening the networks. We believe this model presents a sustainable option for listed companies aiming for transparent and robust exposure to digital assets.”
The ZIGChain price was last observed trading at these levels in late August, with its year-to-date peak of $0.13 achieved on January 18. The ZIG token reached its all-time high of $0.22 in April 2021. Notable platforms within the ZIGChain ecosystem include Zignaly, a regulated social investment platform, and Zamanat, a Shariah-compliant real-world asset tokenization platform.
