TenX Crypto Treasury Buys 5.5 Million Tezos (XTZ) for Staking Revenue

Digital asset firm TenX has significantly expanded its cryptocurrency treasury by acquiring 5.5 million Tezos (XTZ) tokens. This strategic move is aimed at generating passive income through the Tezos staking mechanism, known as "baking." By adding XTZ to its portfolio, TenX is diversifying its holdings and directly targeting revenue from staking rewards. The purchase underscores a growing trend among institutional and corporate entities to leverage proof-of-stake (PoS) blockchains for yield generation. Tezos, with its on-chain governance and energy-efficient consensus, is becoming an increasingly attractive asset for treasury management strategies focused on long-term, sustainable returns.