Key Notes
Company transitions from passive shipping operations to AI infrastructure focus, rebranding ticker from OP to SVRN on Nasdaq.
Treasury management employs active yield-generating strategies achieving 5.3% gross APY while planning validator node operations.
Institutional backing includes $120M funding round from Kraken, Proximity, Fabric Ventures supporting NEAR Protocol integration ambitions.
Nasdaq-listed OceanPal’s wholly owned subsidiary, SovereignAI, disclosed on Nov. 17 a treasury holding of 53.9 million NEAR NEAR $2.24 24h volatility: 2.6% Market cap: $2.87 B Vol. 24h: $453.74 M , representing a value of approximately $133 million by accounting time on Nov. 13. OceanPal, formerly trading as OP on Nasdaq, will now trade under a new ticker:

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