TenX Protocols Inc. has significantly expanded its crypto treasury by acquiring approximately 5,542,935.08 Tezos (XTZ) tokens, valued at about US$3.25 million, as part of a strategic staking partnership with the Tezos Foundation. The move is designed to support the company’s validator operations and generate ongoing staking revenue.
According to a press release from TenX, the XTZ acquisition was conducted through a mix of open-market and over-the-counter (OTC) purchases between January 2 and January 19, 2026, at an average price of roughly US$0.5868 per token. The purchase was funded using cash on hand from a financing round the company completed on August 18, 2025.
TenX, a blockchain infrastructure company focused on staking solutions and validator services, said it selected the Tezos network based on its governance model, technical maturity and long-term protocol stability. As part of its validator-first business model, TenX plans to stake the acquired XTZ through its own validators, with the goal of earning recurring income through staking yields while also contributing to the network’s security and decentralisation.
The strategic partnership includes an intention by the Tezos Foundation, subject to customary approvals, to delegate a portion of its own XTZ holdings to validators operated by TenX. Such delegation would further strengthen validator operations and deepen the company’s alignment with the long-term health of the Tezos ecosystem.
Tezos distinguishes itself in the blockchain landscape with a self-amending architecture that allows the network to upgrade through on-chain governance without disruptive hard forks. The network has completed 19 successful upgrades, enhancing performance, institutional functionality and staking efficiency. These features, along with the emergence of its Etherlink EVM-compatibility layer, have helped broaden its appeal across DeFi, gaming and digital art sectors, even as overall ecosystem activity continues to evolve.
Mat Cybula, CEO of TenX, said the XTZ purchase reflects a long-term value decision rather than a short-term trade, emphasising that staking infrastructure and recurring revenue streams are central to the company’s growth strategy. By expanding into Tezos staking, TenX is tapping into a growing trend of institutional interest in proof-of-stake ecosystems where validators can generate predictable returns while supporting network decentralisation.
This acquisition aligns with broader developments in crypto treasuries, where firms are increasingly seeking to diversify holdings beyond traditional assets and generate sustainable income through staking and participation in proof-of-stake networks.
