🔵 Is Injective joining Wall Street..? Pineapple (NYSE:PAPL) announces a $100m Injective treasury
Injective @injective has activated their own DAT mode
This time, Pineapple (PAPL), which is listed on NASDAQ, has announced a $100m treasury of $INJ
They have become the first listed company to hold $INJ as treasury, and additionally, they plan to generate revenue with a staking reward of 12%
A purchase for the $100m $INJ treasury is scheduled to take place
Injective claims that the $100m is just the beginning, but will they increase it?!
Injective has been a bit quiet lately, but let's work hard and join the altcoin market!!
#Injective #INJ
Today, the Injective ecosystem takes a historic step in bringing $INJ to Wall Street for the first time.
Fintech platform Pineapple Financial $PAPL has launched a $100 Million Digital Asset Treasury dedicated solely to accumulating INJ. Over the coming weeks and months this capital will be deployed to create the world’s largest publicly traded INJ treasury.
This release will not only enable traditional finance institutions to access INJ via the stock market, it will also allow Injective to bring an unmatched set of tokenized assets to its blockchain, unlocking a truly multi-trillion dollar market opportunity.
The transaction attracted leading investors across traditional finance and crypto, including FalconX, Monarq, Abraxas, @blockchain, Canary Capital, @krakenfx, the Injective Foundation, and many others.
$100 Million to Start. Infinite More Ahead.
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