Pineapple Financial has officially launched a treasury strategy of 100 million USD dedicated to Injective (INJ), making it the first publicly listed company to hold INJ tokens. The initiative aims for a staking yield of 12%, leveraging the support of significant investors in traditional and crypto finance.
This announcement comes at a crucial time as the SEC reviews the application for a staked INJ ETF by Canary Capital. Following the news, INJ’s price surged to 13.30 USD but later balanced out around 12.80 USD, reflecting the market’s response to this significant development.
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