Pharmaceutical firm Zerostack reports $1.06 billion in cryptocurrency holdings, equating to $18.19 per share.
Zerostack’s cryptocurrency portfolio has grown to $1.06 billion, driven by holdings in MemeCore and 0G tokens. The company, originally a pharmaceutical distributor, now manages 925.9 million MemeCore tokens valued at $1.03 billion and 223.8 million 0G tokens worth $36 million.
The firm’s pivot to asset management coincides with a 74% decline in its stock over the past year, currently trading at $5.33 per share. Zerostack’s crypto assets now represent a significant portion of its equity valuation, with the company emphasizing transparency for investors.
MemeCore is a Layer 1 blockchain targeting long-term memecoin projects, while 0G focuses on scaling AI applications onchain. Zerostack maintains its pharmaceutical operations in Germany alongside its asset management strategy.