OceanPal (OP) Stock: Shipping Company Invests $120M in NEAR Token Treasury

TLDR OceanPal Inc. closed a $120 million private investment to create SovereignAI, targeting 10% of NEAR Protocol’s token supply for its crypto treasury. The shipping company hired Sal Ternullo from State Street as co-CEO and David Schwed from BNY Mellon as COO to lead the venture. OP stock fell 20.91% to $1.74 after the announcement, [...]

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