Faraday Future Invests in Crypto: Plans Multibillion-Dollar Strategy

Electric vehicle startup Faraday Future has unveiled a multi-pronged crypto strategy to boost its finances and advance technology. The company plans to launch several initiatives, including a dedicated cryptocurrency treasury and the tokenization of vehicles for sales. Faraday Future’s plan involves creating a C10 (Crypto 10) Treasury product initially investing $30 million in crypto assets with hopes of reaching billions in size. 2023 has seen many public companies embrace crypto strategies, including Faraday Future, aiming to capitalize on the market and boost share prices.