Faraday Future Intelligent Electric Inc. has launched the “C10 Treasury” product, based on the C10 Index, to accumulate and compound the top 10 crypto assets. The company plans to target $500M-$1B in crypto coin purchases, with the first tranche starting at $30M. The strategy aims to fund product innovation, stock buybacks, and asset growth. A new subsidiary, FFAI Crypto Treasury and Bridging Holdings Inc., will manage the crypto business. The strategy upgrade aligns with FF’s goal to maximize value for shareholders by becoming a leader in the crypto industry. California State Treasurer Fiona Ma supports this new strategy.

Read more at GlobeNewswire: Faraday Future Launches its “EAI + Crypto” Dual-Flywheel &