Tenx Protocols has entered the Tezos ecosystem after acquiring about 5.54 million tezos between Jan. 2 and Jan. 19, 2026.
The purchase was made at an average price of $0.5868 per token, bringing the total investment to roughly $3.25 million.
Tenx said the acquisition supports its validator-first strategy focused on generating recurring revenue through staking rewards.
“Tezos stands out for its governance model and technical maturity,”
Mat Cybula said.
The company said the move reflects a long-term commitment rather than a short-term trading strategy.
Tenx confirmed the acquisition was funded using cash reserves following its $33 million financing round and public listing in late 2025.
The investment marks a deeper alignment with Tezos’ onchain governance and decentralisation framework.
The Tezos Foundation is expected to delegate a portion of its XTZ holdings to Tenx-operated validators, subject to final approvals.
The planned delegation aims to strengthen network security and expand the number of institutional-grade validators.