Silo Pharma Stock Soars 22% as Fireblocks Joins Crypto Treasury Revolution

Another traditional finance player catches the digital asset wave—and shareholders are riding high.

The Crypto Treasury Tipping Point

Fireblocks just threw its weight behind corporate crypto adoption, triggering a 22% surge for Silo Pharma. The security platform's move signals growing institutional confidence in digital assets as legitimate treasury holdings.

Wall Street's Awkward Dance

While legacy finance still debates blockchain integration, forward-thinking companies are already reaping rewards. Silo's jump reflects market recognition that crypto treasury strategies aren't speculative bets—they're competitive necessities.

The 22% spike speaks louder than any consultant's PowerPoint deck. Maybe traditional treasurers should stop treating Bitcoin like office fantasy football and start treating it like, well, actual money.

Silo Pharma’s crypto treasury takes shape

Silo Pharma’s pivot into digital assets started on August 5, when the company announced the launch of its cryptocurrency treasury strategy. In a filing with the SEC, Silo said it was targeting “multi-chain digital asset growth,” specifically naming Bitcoin, Ethereum, and Solana.

The company stated it intended to make opportunistic purchases, leverage staking for yield generation, and focus on capital preservation. To lead this charge, Silo appointed Corwin Yu, a seasoned technology and trading executive with over two decades of experience in institutional finance and digital assets, as the head of a newly formed Crypto Advisory Board.

Just over a month later, on Sept. 16, Silo disclosed its first purchases under the program, acquiring Ethereum and solana tokens. The exact amounts were not disclosed, but the company emphasized that the tokens had already been staked to provide income and strengthen its financial position.

The latest announcement that Fireblocks will safeguard those holdings pushed Silo’s stock up more than 22% in Tuesday’s trading session, bringing fresh attention to its unusual dual strategy of drug development and digital asset treasury management. Investors appeared to respond to the credibility that comes with outsourcing custody to a firm trusted by major financial institutions.

Fireblocks itself has become a fixture in the digital asset ecosystem, having facilitated over $6 trillion in transfers through its network. Its platform is built around multi-party computation, Intel SGX, and layered authentication measures designed to reduce risks of theft or loss.