Faraday Future Invests in Crypto: New Treasury Plan and Bitcoin Focus

Electric vehicle company Faraday Future is shifting its strategy to embrace cryptocurrency, aiming to boost its financial health and attract new investors. The company announced plans for a new “C10 Treasury” program that will initially invest $30 million into cryptocurrencies, with the goal of growing it into a multi-billion dollar fund over time. This initiative aims to generate sustainable returns through staking yields that can be reinvested in product development, stock buybacks, and expanding the company’s assets.