TenX Protocols buys 5.54M XTZ for $3.25M in Tezos partnership

Staking and validator infrastructure firm TenX Protocols has acquired 5,542,935 XTZ as part of a strategic staking partnership with the Tezos Foundation, CoinDesk reported. The acquisition, valued at approximately $3.25 million, was made at an average price of $0.5868 per token through a combination of on-market and over-the-counter (OTC) trades between Jan. 2 and Jan. 19. TenX Protocols stated it plans to stake the XTZ through its own validator to generate recurring revenue.