Mangoceuticals teams with Cube Group on $100M Solana DAT plan
Mangoceuticals partnered with Cube Group to launch a $100 million Solana treasury strategy targeting high SOL staking yields.Summary
Mangoceuticals (MGRX), a telemedicine company, has partnered with digital asset treasury firm Cube Group to implement a new Digital Asset Treasury (DAT) strategy targeting up to $100 million in Solana (SOL). Mangoceuticals intends to fund the phased accumulation of SOL through at-the-market equity offerings utilizing its Nasdaq listing. The strategy is designed to offer investors exposure to Solana's ecosystem growth and institutional-grade Decentralized Finance (DeFi) yield strategies. The initiative, which includes a Digital Asset Treasury 2.0 framework, will initially focus on actively managed SOL staking, aiming for annualized yields between 7% and 20%. Both companies view this as a significant step in corporate crypto strategies, capitalizing on Solana's yield opportunities.
(Source：Crypto Briefing)