oceanpal

According to PRNewswire, the Nasdaq-listed digital asset management operator OceanPal released its annual financial report, disclosing that its balance sheet holds approximately 51.3 million NEAR tokens, in addition to 2.85 million NEAR tokens as collateral for derivative positions.Previously, OceanPal announced in October last year a partnership with NEAR Foundation for a $120 million PIPE investment and established a wholly-owned subsidiary, SovereignAI Services, which has total assets of approximately $85.5 million as of December 31, 2025.

According to PRNewswire, Nasdaq-listed digital asset management operator OceanPal released its annual financial report, disclosing that its balance sheet holds approximately 51.3 million NEAR tokens, in addition to 2.85 million NEAR tokens as collateral for derivative positions. OceanPal announced a partnership with NEAR Foundation for a $120 million PIPE investment last October and established a wholly-owned subsidiary, SovereignAI Services, which has total assets of approximately $85.5 million as of December 31, 2025.

ChainCatcher news, OceanPal Inc. today announced the completion of a $120 million private investment in public equity (PIPE) transaction for the purchase and sale of common stock and/or pre-financing warrants.The company plans to use the net proceeds from this transaction to implement a digital asset treasury strategy through its wholly-owned subsidiary SovereignAI Services LLC ("SovereignAI"), which focuses on commercializing the NEAR Protocol, a blockchain platform designed for artificial intelligence (AI) use cases. Through this transaction, OceanPal expects to become a major public investment vehicle through SovereignAI, providing investors with exposure to NEAR (the native token of the NEAR Protocol) and the foundational AI infrastructure needed to support autonomous business operations.