Summary
- Faraday Future said it allocated an additional $2 million to its crypto holdings.
- Faraday said it plans to invest the largest amount in Binance Coin (BNB).
- It said the funds will be added to the 'C10 Treasury', which invests in the top 10 crypto assets.
Nasdaq-listed Faraday Future has reportedly allocated an additional $2 million to its crypto holdings.
On the 8th (local time), according to GlobeNewswire, Faraday said in a press release that 'it plans to allocate an additional $2 million to its crypto holdings' and that 'it will invest the largest portion in Binance Coin (BNB).' The funds are set to be included in the 'C10 Treasury', which invests in the top 10 crypto assets.
Earlier, Faraday said it planned to invest $500 million to $1 billion through the 'C10 Treasury'. The initial investment amount is about $30 million.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $76,000 as selloff shows no sign of easing](https://media.bloomingbit.io/PROD/news/0b328b54-f0e6-48fd-aeb0-687b3adede85.webp?w=250)
![[Market] Bitcoin slips below $77,000…Ethereum also breaks below $2,300](https://media.bloomingbit.io/PROD/news/f368fdee-cfea-4682-a5a1-926caa66b807.webp?w=250)
