PIPE Trading and Token Vault: The Encryption Revolution of Public Companies

The encryption vault is undergoing a significant transformation. No longer limited to simply holding Bitcoin, they are evolving towards a new model of multi-chain layout, native staking, and token dividends. This revolution is blurring the lines between traditional listed companies and crypto-native protocols.

Introduction to PIPE Trading

PIPE is an abbreviation for "Private Investment in Public Equity," referring to private investors injecting capital into publicly listed companies at a discounted price. This method is favored for its speed and simplicity of procedures, and is becoming the preferred path for encryption enterprises to enter the capital market.

Landmark Cases

Tron capital operation

The founder of Tron renamed it to Tron Inc through a reverse merger with a Nasdaq-listed company and plans to complete PIPE financing with $100 million in TRX Tokens. This not only makes TRX the core asset of the company but also implies the possibility of launching a dividend mechanism based on TRX in the future.

Eyenovia transforms Hyperion DeFi

Eyenovia, originally focused on eye drop technology, is transforming into Hyperion DeFi with the goal of becoming the first publicly listed company with HYPE as its main asset. The company will hold a large amount of HYPE tokens, operate validation nodes, and actively participate in network construction.

Global Trends

The trend of listed companies establishing encryption vaults has spread globally and is no longer limited to Bitcoin:

• France Blockchain Group holds approximately 1600 BTC
• Japan's MetaPlanet holds 10,000 bitcoins
• Hong Kong MemeStrategy incorporates Solana into its treasury.

The market capitalization of these companies is generally higher than the value of their encryption asset holdings, reflecting the market's enthusiasm for such investment targets.

Importance Analysis

The PIPE trading and Token treasury strategy marks a fundamental shift in the way publicly listed companies enter the encryption space:

1. The encryption vault becomes a market signal, reflecting the company's ecological alliance.
2. The rise of native token listed companies has formed a multi-token strategy.
3. PIPE transactions have become the standard pathway, providing a fast and flexible listing route.
4. Institutions bet on a multi-chain future, with a more diversified layout.

This is not only a shift in corporate strategy but also a transformation of the operational paradigm of the capital market. In the future, every mainstream encryption project may have a corresponding "listing representative". This transformation has only just begun and will profoundly affect the integration of traditional finance and the encryption world.