Reported 1 day ago
The Avalanche Foundation, Injective Foundation, and TRON DAO are making significant investments in crypto treasury companies, aiming to boost demand for their tokens. Instead of traditional token buybacks, these foundations are exploring public markets to fund token purchases, with the Injective Foundation recently leading a $100 million investment in Pineapple Financial to establish a treasury firm. Additionally, the Avalanche Foundation is in discussions to create two treasury companies for investing in AVAX, signaling a growing interest in diversifying digital asset holdings.
Source: YAHOO