PANews reported on September 5th that Pineapple Financial announced the completion of a $100 million private placement financing, according to Newsfilecorp. The company will establish a dedicated Injective (INJ) treasury and acquire INJ, becoming the first publicly listed company to hold INJ. This strategy is expected to generate an annualized return of approximately 12%, with investors including FalconX, Kraken, and Blockchain.com. INJ, the native asset of the Injective public blockchain, has recently seen over 1,000% year-over-year growth in network usage.
Pineapple Financial Completes $100 Million Private Placement and Launches INJ Vault
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