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Nasdaq-listed OceanPal Inc. is launching a NEAR corporate treasury through a $120 million PIPE investment. The company plans to accumulate at least 10% of NEAR’s total supply and build blockchain-native AI infrastructure. This move reflects a trend of non-crypto firms diversifying into digital assets. Leadership changes include Sal Ternullo as co-CEO and David Schwed as COO. Advisory board members include prominent figures like Illia Polosukhin and Richard Muirhead.
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