OceanPal's SovereignAI Exceeds $133 Million in Treasury Holdings with New Ticker SVRN

OceanPal's Noteworthy Development in Treasury Holdings

On November 17, 2025, OceanPal Inc. announced a significant update concerning its subsidiary, SovereignAI Services LLC, revealing that the treasury has achieved a remarkable valuation of approximately $133 million in NEAR tokens. This treasury update coincides with OceanPal's strategic shift in its ticker symbol from 'OP' to 'SVRN', reflecting a vision focused on promoting individual sovereignty in the realm of artificial intelligence (AI).

SovereignAI's Treasury Update

As of November 13, 2025, SovereignAI holds approximately 53.9 million NEAR tokens. This amount is not only large in value but also substantial in relation to the overall NEAR token supply, as it accounts for around 4.2% of the total available tokens. This growth demonstrates SovereignAI's effective approach and ambition to reach a target of accumulating 10% of the total NEAR token supply.

The strategic treasury management has yielded a gross annual percentage yield (APY) exceeding 5.3%, attesting to the strong potential for growth and stability in their financial plans. Sal Ternullo, the Co-CEO of OceanPal and CEO of SovereignAI, emphasized their commitment to individual ownership in AI, stating, “We believe in greater individual sovereignty and individual ownership of AI.”

The Vision and Strategic Importance of NEAR

OceanPal's management underscores the pivotal role that the NEAR Protocol plays in their greater strategy. They advocate that NEAR’s architecture is ideally suited for supporting high-performance AI-driven applications, which they see as critical for establishing an open, user-owned economy powered by AI. The NEAR network is not only gaining traction but is also emerging as a leader in user adoption, boasting over 41.6 million monthly active users engaging across diverse applications such as e-commerce, gaming, and loyalty programs.

With daily transaction volumes fluctuating between $100 million and $200 million, the demand for NEAR's capabilities highlights the robust market interest in the infrastructure that supports AI initiatives.

Symbol Change and Shareholder Impact

As part of their updated strategy, the switching of their stock ticker to 'SVRN' aims to enhance alignment with their mission of fostering a community focused on user-centric AI. This change is expected to serve as a publicly traded vehicle, providing investors exposure to both NEAR tokens and the innovative aspects of AI technology that can revolutionize commerce.

Ternullo further expressed enthusiasm about the future, indicating that SVRN represents a new chapter for institutional and individual investors wanting to participate in a rapidly evolving market.

About SovereignAI and OceanPal

SovereignAI is a subsidiary of OceanPal tasked with developing a comprehensive digital asset strategy aimed at leveraging the intersections of AI and blockchain in public markets. The funds accumulated through NEAR tokens will facilitate the establishment of blockchain-native AI infrastructure designed to foster user-owned commerce.

OceanPal Inc. is recognized as a global leader in maritime transport services, specifically in dry bulk vessels and product tankers, aiming to maximize shareholder value through its strategic initiatives.

As stakeholders look ahead, the advancements from SovereignAI in overseeing a holistic treasury management strategy promise to contribute significantly to the growth of AI infrastructure using NEAR technology, positioning both OceanPal and its subsidiaries at the forefront of the technological evolution in commerce.