ZeroStack Corp.

Zerostack's cryptocurrency holdings have reached $1.06 billion U.S. The company's crypto treasury consists of 925.9 million MemeCore tokens valued at $1.03 billion U.S., and 223.8 million 0G tokens valued at $36 million U.S. Zerostack said its cryptocurrency holdings represent approximately $18.19 U.S. per share. The company is a pharmaceutical distribution business that has pivoted to become an asset manager and cryptocurrency acquirer. ZSTK stock has declined 74% in the last 12 months to trade at $5.33 U.S. per share.

ZeroStack Corp. has struck a $1 billion crypto contribution deal that would add nearly 926 million MemeCore tokens to its balance sheet while giving MemeCore-linked investors a large equity position in the Nasdaq-listed company. Under the definitive agreement, Puple AI Inc. and Blockcat Pte. Ltd. will contribute 925,925,926 $M tokens, valued at $1.08 each, in exchange for 3.5 million ZeroStack common shares and pre-funded warrants covering up to 36,198,293 additional shares. The warrants are priced at $25.19 per share, more than 12 times ZeroStack's recent market trading price, and shares tied to the warrants cannot be issued until shareholders approve the transaction under Nasdaq Listing Rule 5635, with a lock-up lasting up to 10 years after closing. ZeroStack is using the transaction to deepen its exposure to decentralized artificial intelligence alongside its existing 0G holdings, and MemeCore operates a Layer 1 blockchain built around meme-driven communities. CEO Daniel Reis-Faria called the agreement a defining milestone, and MemeCore principal Rudy Rong will join ZeroStack as president.

ZeroStack Executive Chairman Michael Heinrich purchased 4,608,575 shares of ZSTK at $0.75 each, totaling a $3.48 million insider buy on Monday. The purchase has already yielded a gain of about 119.9% based on Tuesday's trading high of $1.66. ZSTK shares were down roughly 3.6% on the day Tuesday.