Asset management firm ZeroStack (NASDAQ: $ZSTK) said Tuesday that it agreed to make a massive $107 Million commitment to increase its position in the 0G token ecosystem. 

Once closed, the company is expected to hold approximately 21% of the total 0G (CRYPTO: $0G) token supply, marking one of the largest institutional positions in a decentralized AI protocal to date.

To faciliate the transaction, ZeroStack says it formed a Texas company called Texas Blocker Corp., which recevied an aggregate of 142,232,948 native 0G tokens from investors valued at $107 million.

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"When a public company makes a $107 million, 21% supply-level commitment to a single protocol, it sends an unambiguous signal to the market: decentralized AI infrastructure is real, it is investable, and 0G is leading it," said Michael Heinrich, CEO of 0G.

The deal, which is expected to close in early July will see Texas Blocker become a subsidury of ZeroStack, the first Nasdaq-listed vehicle offering concentrated, liquid exposure to the 0G protocol.

The transaction also settles a previously outstanding token-denominated convertible note, leaving the company debt-free with plans to generate recurring staking income from its massive 0G position.

The 0G token is listed on major global exchanges including Binance and OKX and trades around 52 cents.

Shares of ZeroStack are trading at $5.62 on the Nasdaq stock exchange.