Derived from Coinomedia, Nasdaq-listed Sonnet BioTherapeutics has received shareholder approval to proceed with a delayed merger, paving the way for the creation of a $1 billion HYPE digital asset treasury. The move marks a strategic shift from biotech to Web3 and tokenized assets, with the HYPE token expected to support ecosystem development and partnerships.
Sonnet Merger Approved, $1B HYPE Digital Treasury Ahead
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