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Flora Growth completed its first purchase of 0G, buying 772,200 0G at an average price of $2.59.
Nasdaq-listed company Flora Growth (FLGC) has completed its first acquisition of 0G tokens after announcing its transformation into a decentralized AI treasury company. (Background: Flora Growth will be renamed ZeroStack, completing a $401 million private sale! Launching AI native cryptocurrency $0G treasury strategy) (Additional background: 0G listed on Binance has surged over 500%: Dual-track strategy to build the next generation of decentralized AI infrastructure) *This article is a sponsored piece, written and provided by the 0G Foundation, and does not represent the views of BlockTempo, nor is it investment advice or a recommendation to buy or sell. Please refer to the end of the article for the disclaimer. Nasdaq-listed company Flora Growth Corp. ( stock code: FLGC) will soon be renamed ZeroStack, becoming the world's first publicly traded company to provide decentralized artificial intelligence DAT treasury through holding 0G ( decentralized AI infrastructure project 0G's native cryptocurrency ). The company announced today that it purchased 772,200 0G tokens at an average price of $2.59 each. This acquisition marks the company's first 0G purchase since recently completing $401 million in financing and strategically transforming into the world's first publicly traded 0G treasury. Below is a summary of the company's 0G holdings and key per-share metrics: · Total amount of 0G held: 122,538,335 tokens · Total value of 0G held ( USD ): Approximately $352 million · Adjusted total number of common shares outstanding: 9,809,754 shares · 0G per share holding ( ZGPS ): 12.491 · Value per share ZGPS in USD: $35.85 All newly acquired 0G tokens are expected to be held long-term and staked to generate native yields. Sponsored disclaimer: The content of this article is provided by the sponsor, who has no relationship with BlockTempo, and this article does not represent the views of BlockTempo. This article does not intend to provide any investment, asset advice, or legal opinions, nor should it be considered an offer to buy, sell, or hold assets. Any services, plans, or tools mentioned in the sponsored article are for reference only, and the final actual content or rules are subject to the announcement or explanation from the sponsor. BlockTempo is not responsible for any potential risks or losses, and readers are reminded to exercise caution and verify before making any decisions or actions. Related Reports Breaking! NVIDIA invests $100 billion to collaborate with OpenAI and co-build a 10GW AI data center, NVDA jumps 3.9% 0G Foundation angrily criticizes Bitget for defaulting: Misusing staked $0G to launch Launchpool and Airdrop activities! Bitget clarifies: There is a misunderstanding in communication between both parties NFT artist Pak | Metamorphosis overwhelms Ethereum, Gas spikes to 3340 gwei, many spend thousands of dollars to mint unsuccessfully <Flora Growth completes its first purchase of 0G, buying 772,200 0G at an average price of $2.59> This article was first published in BlockTempo “BlockTempo - The Most Influential Blockchain News Media.”