[Coin World] On August 17 (UTC+8), Faraday Future (Nasdaq: FFAI) launched and officially initiated the "EAI + Crypto" dual flywheel & dual bridge ecosystem strategy in Pebble Beach, California, USA, introducing the "C10 Index" and the first "C10 Treasury" product from a US-listed company, while exploring its ETF product based on the "C10 Index". The "C10 Treasury" is configured with the top ten digital assets globally (excluding stablecoins) based on the "C10 Index", employing an "80% passive + 20% active" investment strategy to achieve sustainable returns, which will support product innovation, stock buybacks, and asset expansion. The initial phase plans to acquire $500 million to $1 billion in digital assets (the first batch of $30 million will be launched next week), with a medium-to-long-term target of several billion dollars. This crypto business will be operated by the wholly-owned subsidiary FFAI Crypto Treasury and Bridging Holdings Inc., maintaining financial independence from the electric vehicle business to achieve risk isolation, operational independence, and asset transparency, with digital assets being held by third-party custodians and fully chain-verified. Faraday Future's founder and co-CEO Jia Yueting stated: "Faraday Future is not just entering the Web3 era—we are building it. This is how we create exponential value for our shareholders."
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MetaMuskRat
· 08-20 00:10
Why do all companies want to play people for suckers?
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GasFeeNightmare
· 08-17 04:13
Staying up late calculates gas fees until balding. Looking at this market capitalization, it's worth buying the dip on a few cross-chain bridges.
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ZKSherlock
· 08-17 04:10
actually quite concerning how they're implementing this without any clear cryptographic security model... smh
Faraday Future launches the C10 Index Treasury, starting a procurement plan for hundreds of millions of dollars in encryption assets.
[Coin World] On August 17 (UTC+8), Faraday Future (Nasdaq: FFAI) launched and officially initiated the "EAI + Crypto" dual flywheel & dual bridge ecosystem strategy in Pebble Beach, California, USA, introducing the "C10 Index" and the first "C10 Treasury" product from a US-listed company, while exploring its ETF product based on the "C10 Index". The "C10 Treasury" is configured with the top ten digital assets globally (excluding stablecoins) based on the "C10 Index", employing an "80% passive + 20% active" investment strategy to achieve sustainable returns, which will support product innovation, stock buybacks, and asset expansion. The initial phase plans to acquire $500 million to $1 billion in digital assets (the first batch of $30 million will be launched next week), with a medium-to-long-term target of several billion dollars. This crypto business will be operated by the wholly-owned subsidiary FFAI Crypto Treasury and Bridging Holdings Inc., maintaining financial independence from the electric vehicle business to achieve risk isolation, operational independence, and asset transparency, with digital assets being held by third-party custodians and fully chain-verified. Faraday Future's founder and co-CEO Jia Yueting stated: "Faraday Future is not just entering the Web3 era—we are building it. This is how we create exponential value for our shareholders."