Faraday Future’s $30M C10 Crypto Treasury; Amdax Eyes 1% BTC
Faraday Future has launched a $30 million C10 Crypto Treasury with plans to grow its crypto treasury to $1 billion. The Crypto Treasury will back a market-cap-weighted C10 Index of the top ten non-stablecoins. Faraday is also exploring a C10 ETF and will reinvest staking yields into product development, share buybacks and asset growth. It will roll out an EAI Vehicle Chain to enable tokenized vehicle sales and crypto-based deposits.
Shortly after, Dutch firm Amdax announced AMBTS B.V. on Euronext Amsterdam as a dedicated Bitcoin treasury vehicle. Amdax plans to raise capital gradually to acquire up to 1% of Bitcoin’s circulating supply. Both initiatives signal growing corporate demand for digital assets, supporting market depth and liquidity.
Bullish
Both Faraday Future’s and Amdax’s Crypto Treasury moves increase institutional demand for leading cryptocurrencies. Faraday’s C10 Crypto Treasury and potential C10 ETF signal broader adoption of a top-10 digital asset basket, while Amdax’s plan to secure up to 1% of Bitcoin supply tightens BTC circulation. Reinvesting staking yields into growth and buybacks may further boost market confidence. These initiatives are likely to drive buying pressure in both the short and long term, underpinning a bullish outlook.