Tenx acquires 5.54 million XTZ tokens

Executive Summary

• Tenx Protocols Inc. has entered into a strategic staking partnership with the Tezos Foundation, acquiring approximately 5.54 million XTZ tokens to support its validator operations and generate revenue through staking.
• The acquisition was financed using cash on hand from a previously completed financing round that closed in August 2025.
• The Tezos Foundation intends to delegate a portion of its XTZ holdings to Tenx-operated validators, subject to due diligence and internal approvals, further aligning Tenx’s infrastructure activities with the Tezos ecosystem.

Key Details

• Asset Acquisition: Tenx acquired approximately 5,542,935.08 XTZ tokens.
• Acquisition Cost: Average cost of approximately $0.5868 USD per XTZ token.
• Total Value: The total value of the acquisition is approximately $3.25 million USD (calculated as 5,542,935.08 * $0.5868).
• Purchase Method: Combination of open market and over-the-counter (OTC) purchases.
• Purchase Period: Between January 2, 2026, and January 19, 2026.
• Funding Source: Cash on hand from a previously completed financing which closed on August 18, 2025.
• Strategic Purpose:
  • Support continuing validator operations on the Tezos network.
  • Generate revenue through staking yields.
  • Align with blockchain ecosystems where Tenx operates infrastructure.
• Partnership Terms: The Tezos Foundation intends to delegate a portion of its XTZ holdings to Tenx-operated validators, subject to customary due diligence and internal approvals.
• Network Context: Tezos is described as having a self-amending architecture with 19 successful upgrades, focusing on high-throughput, long-term protocol stability, and institutional-friendly Layer 1 capabilities.

Notable Quotes

• Mat Cybula, CEO of Tenx Protocols: "As we scale our validator operations, Tezos stands out for its governance model, technical maturity and reliability."
• Mat Cybula, CEO of Tenx Protocols: "This is a long-term value decision, not a short-term trade. Tezos is built for sustainability and upgradability, and we want Tenx to be aligned with ecosystems that reflect that."
• Arthur Breitman, Co-founder of Tezos: "Tenx sees what others have missed: Tezos combines battle-tested governance with the scaling and performance the industry has been chasing. Validators who think long term are a natural fit."