{"id":11550,"date":"2025-09-23T16:24:00","date_gmt":"2025-09-23T16:24:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/silo-pharma-stock-jumps-22-as-fireblocks-joins-crypto-treasury-pivot\/"},"modified":"2025-09-23T16:24:06","modified_gmt":"2025-09-23T16:24:06","slug":"silo-pharma-stock-jumps-22-as-fireblocks-joins-crypto-treasury-pivot","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/silo-pharma-stock-jumps-22-as-fireblocks-joins-crypto-treasury-pivot\/","title":{"rendered":"Silo Pharma stock jumps 22% as Fireblocks joins crypto treasury pivot"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Silo Pharma has secured a key pillar of its digital asset strategy by partnering with institutional custodian Fireblocks, triggering a 22% stock surge as investors appear to endorse the move to secure its Bitcoin and Ethereum treasuries.<\/p>\n<div id=\"cn-block-summary-block_5a640833dceeba3079ae039b92cb4ffc\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Silo Pharma stock jumped 22% after naming Fireblocks as custodian for its crypto treasury.<\/li>\n<li>The company launched its digital asset strategy in August, targeting Bitcoin, Ethereum, and Solana.<\/li>\n<li>Initial purchases of ETH and SOL have already been staked to generate yield.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/09\/23\/3154700\/0\/en\/Silo-Pharma-Signs-Strategic-Agreement-with-Fireblocks-to-Advance-Crypto-Treasury-Strategy-Acquisition-and-Security.html\" target=\"_blank\" rel=\"nofollow\">press release<\/a> dated Sept. 23, the Nasdaq-listed biopharma firm has tapped Fireblocks as the custodian for its institutional crypto treasury platform.<\/p>\n<p>The agreement tasks Fireblocks with securing Silo\u2019s digital asset operations, including the buying, staking, and managing of its Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) holdings. CEO Eric Weisblum said the partnership is intended to embed \u201centerprise grade security and governance standards\u201d into the company\u2019s nascent crypto strategy.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe believe that Fireblocks\u2019 proven institutional-grade infrastructure makes them the right partner to support our long-term strategy for buying, staking, trading, and managing our digital assets as we seek to build long-term value for our shareholders,\u201d Weisblum stated.<\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Silo Pharma\u2019s crypto treasury takes shape<\/strong><\/h2>\n<p>Silo Pharma\u2019s pivot into digital assets started on August 5, when the company announced the launch of its cryptocurrency treasury strategy. In a filing with the SEC, Silo said it was targeting \u201cmulti-chain digital asset growth,\u201d specifically naming Bitcoin, Ethereum, and Solana.<\/p>\n<p>The company stated it intended to make opportunistic purchases, leverage staking for yield generation, and focus on capital preservation. To lead this charge, Silo appointed Corwin Yu, a seasoned technology and trading executive with over two decades of experience in institutional finance and digital assets, as the head of a newly formed Crypto Advisory Board.<\/p>\n<p>Just over a month later, on Sept. 16, Silo disclosed its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/investingnews.com\/silo-pharma-announces-initial-investment-in-ethereum-and-solana-under-cryptocurrency-treasury-strategy\/\" target=\"_blank\" rel=\"nofollow\">first purchases<\/a> under the program, acquiring Ethereum and Solana tokens. The exact amounts were not disclosed, but the company emphasized that the tokens had already been staked to provide income and strengthen its financial position.<\/p>\n<p>The latest announcement that Fireblocks will safeguard those holdings pushed Silo\u2019s stock up more than 22% in Tuesday\u2019s trading session, bringing fresh attention to its unusual dual strategy of drug development and digital asset treasury management. Investors appeared to respond to the credibility that comes with outsourcing custody to a firm trusted by major financial institutions.<\/p>\n<p>Fireblocks itself has become a fixture in the digital asset ecosystem, having facilitated over $6 trillion in transfers through its network. Its platform is built around multi-party computation, Intel SGX, and layered authentication measures designed to reduce risks of theft or loss.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Silo Pharma has secured a key pillar of its digital asset strategy by partnering with institutional custodian Fireblocks, triggering a 22% stock surge as investors appear to endorse the move&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11550"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11550\/revisions"}],"predecessor-version":[{"id":11552,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11550\/revisions\/11552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11551"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}