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The company, which manages assets worth nearly $1 trillion, made a surprising decision to buy back an altcoin from the market. Continue Reading: Surprise DecisionThe company, which manages assets worth nearly $1 trillion, made a surprising decision to buy back an altcoin from the market. Continue Reading: Surprise Decision

Surprise Decision from Giant Company Managing $900 Billion: It Will Purchase a Large Amount of This Altcoin

Author: Bitcoinsistemi
Source: Bitcoinsistemi
2026/02/15 04:46
2 min read
Ucan fix life in1day
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Asset management giant Apollo Global Management has signed a strategic partnership agreement with the onchain lending protocol Morpho Association. Apollo, which manages approximately $900 billion in assets, will be able to purchase up to 90 million MORPHO tokens over a four-year period.

Under the agreement, Apollo or its affiliates will be able to acquire MORPHO tokens through open market purchases, over-the-counter (OTC) transactions, and other contractual methods. However, these purchases are limited to a period of 48 months, and total ownership cannot exceed 90 million MORPHO tokens. Transfer and transaction restrictions will also apply.

Following this development, the price of the MORPHO token increased by 17%.

24-hour chart showing the increase in MORPHO price.

Related News: As Soon As Bitcoin Hits $70,000, a Billion-Dollar Chinese Whale Steps In and Makes a Massive Sale - What's Going On?

The parties will work together to develop and support onchain credit markets on the Morpho protocol. This collaboration is noteworthy in terms of strengthening the integration between traditional financial giants and decentralized finance (DeFi) infrastructures.

Galaxy Digital UK Limited acted as Morpho’s exclusive financial advisor in the agreement.

Morpho operates as an open network providing infrastructure for onchain lending markets. The protocol offers curated vaults that manage the distribution of assets across different credit markets. Morpho is governed by MORPHO token holders.

*This is not investment advice.

Continue Reading: Surprise Decision from Giant Company Managing $900 Billion: It Will Purchase a Large Amount of This Altcoin

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