OceanPal Announces SovereignAI's Total Treasury Holdings Exceed $133 Million of NEAR;Ticker Symbol Change to SVRN

Core Viewpoint - OceanPal Inc. is advancing its strategy in the blockchain and AI sectors through its subsidiary SovereignAI, which focuses on the NEAR Protocol, and has announced a treasury update reflecting its commitment to this strategy [1][3][6]. Treasury Update - As of November 13, 2025, SovereignAI holds 53.9 million NEAR tokens, valued at approximately $133 million, representing about 4.2% of the total NEAR token supply [6][7]. - SovereignAI aims to accumulate 10% of the total NEAR token supply, indicating a strong commitment to its treasury management strategy [6][7]. Stock Ticker Change - OceanPal's common stock will now trade under the ticker symbol "SVRN" starting November 17, 2025, reflecting the vision of SovereignAI and its alignment with the NEAR Foundation [2][5]. Vision and Strategy - The company emphasizes the importance of user-owned AI and agentic commerce, positioning itself as a leading publicly traded vehicle for exposure to NEAR tokens and AI infrastructure [5][9]. - SovereignAI's treasury management strategy is designed to fund the development of blockchain-native AI infrastructure, leveraging NEAR Protocol's capabilities [9]. Market Position and Adoption - NEAR Protocol has over 41.6 million monthly active users and processes between $100 to $200 million in daily transaction volume, showcasing its strong market presence and user adoption [4]. - The NEAR Protocol is viewed as uniquely suited for high-performance AI applications, making it a critical player in the evolving landscape of digital assets [4].