Pineapple Financial Launches $100M Injective Treasury with $8.9M Buy

Pineapple Financial has initiated its $100 million Injective Digital Asset Treasury strategy by purchasing 678,353 Injective tokens for approximately $8.9 million. The company aims to become the largest holder and staker of Injective tokens, deploying all assets on-chain for staking operations.

The expected annual yields from staking stand at 12.75%, nearly double Ethereum's current staking rates and approximately 1.8 times higher than Solana's returns. CEO Shubha Dasgupta emphasized that the initial investment demonstrates conviction in the token's future potential.

Eric Chen, co-founder of Injective Labs, welcomed the strategic move as an important step in executing the treasury strategy. He noted that Pineapple is helping accelerate on-chain finance adoption while reinforcing Injective's position as a leading blockchain purpose-built for financial applications.