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Silo Pharma appoint Fireblocks - stocks increase dramatically by 22%!
Silo Pharma chooses Fireblocks as a custodian for crypto strategy, stock price increases by 22%. Focus on Bitcoin, Ethereum, Solana.
Silo Pharma appoint Fireblocks - stocks increase dramatically by 22%!
On October 6, 2025, Silo Pharma announced that Fireblocks selected Fireblocks as an institutional custodian for its crypto treasury strategy. This decision already led to a significant increase in the company's share price by 22 percent.
In August 2025, Silo Pharma started his digital asset strategy, which focuses on Bitcoin, Ethereum and Solana. In this context, Silo Pharma has already made the first purchases from Ethereum (ETH) and Solana (Sol), whereby the tokens were then acted in order to generate earnings.
Partnership with Fireblocks
According to a press release dated September 23, Silo Pharma Fireblocks commissioned his digital asset operations to secure his digital asset operations. Fireblocks will thus be responsible for the purchase, staking and management of the Bitcoin, Ethereum and Solana stocks. The CEO of Silo Pharma, Eric Weisblum, underlined the importance of "company-friendly security and governance standards" in the company's crypto strategy.
With its digital asset strategy, Silo Pharma not only pursues growth goals, but also plans to be opportunistic purchases, whereby the focus should always be on capital preservation. Corwin Yu was appointed head of the newly founded Crypto Advisory Board to lead the company's digital asset strategy.
Fireblocks as a trustworthy partner
Fireblocks has facilitated over $6 trillion in transfers across its network and is considered a trusted partner for major financial institutions. Fireblocks' platform leverages modern technologies such as multi-party computing, Intel SGX, and multi-layered authentication measures to minimize the risk of security incidents.
Overall, Silo Pharma's commitment in the crypto industry shows the potential that can represent digital assets for the company. With the support of Fireblocks and a clear focus on safety and governance, Silo Pharma is well positioned in order to successfully act in the rapidly developing crypto market.
For more information on this development please visit crypto.news.