OceanPal shares surge 134.48% premarket after appointing G-20 Group to manage NEAR treasury yield strategy.
ByAinvest
Wednesday, Mar 4, 2026 9:32 am ET1min read
SVRN--
OceanPal Inc. (NASDAQ:SVRN) rose 47.13% intraday following its subsidiary SovereignAI Services’ announcement that G-20 Group was appointed to manage a risk-managed NEAR treasury yield strategy. This move aims to enhance returns on SVRN’s $133 million in NEAR holdings through derivative overlays while preserving liquidity. The partnership, disclosed in premarket trading on March 3, 2026, aligns with CEO Sal Ternullo’s strategy to optimize asset utilization for AI infrastructure growth. The stock had previously surged 103.01% in after-hours trading on the same news, indicating sustained investor confidence in the strategic deployment of.
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