Faraday Future don launch C10 Treasury and $1B Crypto Plan
Faraday Future don launch di C10 Treasury wit initial $30 million cryptocurrency buy. Di C10 Treasury dey track market-cap weighted C10 Index of di top ten digital assets, wey no include stablecoins, an di company plan to expand di holdings to $500 million to $1 billion as part of dia multi-billion-dollar crypto strategy. Faraday Future dey explore crypto ETF and e go use staking yield from dia digital assets to fund product innovation, stock buybacks, an growth. Di firm also plan di EAI Vehicle Chain for tokenized vehicle sales and crypto-based deposits. Supported by California State Treasurer Fiona Ma and growing institutional interest, dis initiative aim to strengthen di firm’s balance sheet and push broader crypto adoption.
Bullish
Faraday Future’s announcement to launch the C10 Treasury show say big company demand dey for digital assets wey fit boost market sentiment. Short term, the planned $30 million first buy and target of up to $1 billion go support upward pressure on major cryptocurrencies tracked by the C10 Index. To explore crypto ETF plus use staking yields for innovation and buybacks further show say institutions dey adopt am, this one go reduce perceived regulatory risk. Long term, tokenized vehicle sales through EAI Vehicle Chain and consistent institutional money flow go help stabilize market growth and encourage other firms to do similar treasury moves, which go reinforce the bullish outlook.