Token Cat shares jump 10.77% premarket after board approves $1B crypto investment policy and appoints Sav Persico as COO.

Token Cat surged 10.77% in premarket trading following its announcement of a $1 billion crypto asset investment policy, approved by the board, and the appointment of Sav Persico as Chief Operating Officer. The policy authorizes phased allocations into emerging crypto projects tied to AI, RAW-to-chain initiatives, and hybrid token models, with strict risk management and third-party custodianship. Persico’s 30-year crypto expertise and the strategic focus on long-term value reserves amid macroeconomic uncertainty were highlighted as key drivers. The move aligns with growing institutional adoption of crypto as a hedge against inflation and geopolitical risks, reinforcing investor confidence in the company’s forward-looking strategy.