TSL's rival Faraday Future launches a billion-dollar encryption reserve strategy! The first batch gets on board with 30 million dollars.

The intelligent electric vehicle manufacturer Faraday Future Intelligent Electric announced its entry into the digital asset space, planning to establish a cryptocurrency reserve strategy that could reach hundreds of billions of dollars. The company will start with an initial investment of $30 million in Crypto Assets, and will launch the "C10 Treasury Bond" product based on the top ten Crypto Assets by market capitalization, directly competing with coin-holding enterprises like TSL in the crypto layout.

The first batch of 30 million USD invested in "C10 Treasury Bonds"

Faraday Future stated that it will purchase $30 million worth of Crypto Assets for the initial asset allocation of its C10 treasury bonds this week.

C10 Treasury Bond Composition: market capitalization weighted top ten Crypto Assets (excluding stablecoins)

Weight Distribution: Bitcoin (BTC) accounts for 50%, Ethereum (ETH) accounts for 23.7%

Future plans: develop C10 treasury bonds into an exchange-traded fund (ETF) and gradually expand the investment portfolio to scale in the hundreds of billions of dollars.

In addition, the company plans to directly acquire $500 million to $1 billion worth of the top ten Crypto Assets as a strategic reserve, further consolidating its position in the digital asset space.

Faraday's Future Crypto Vision: A Decade-Long Super Bull Market?

Ian Calderon, co-founder of Faraday Future and founding board member of the California Blockchain Working Group, stated:

"The next ten years could be an ultra-long bull market cycle for the Crypto Assets market."

This move means that the company not only views Crypto Assets as a tool for financial diversification but also incorporates them into its long-term value enhancement strategy, creating a dual drive of capital and brand alongside its new energy vehicle business.

Comparison of Holdings with TSL and Other Giants

TSL: Holds 11,509 bitcoins, having first purchased BTC worth $1.5 billion in February 2021, and at one point drove bitcoin to a historic high.

Strategy (formerly MicroStrategy): the world's largest corporate Bitcoin holder, recently increased its holdings by 430 BTC (worth 51 million USD).

BitMine Immersion Technologies: Holds over 1.5 million Ethereum (ETH), valued at approximately 6.6 billion USD, making it the second largest publicly traded company crypto assets holder in the world.

Faraday Future's encryption strategy may not start on the scale of the aforementioned giants, but its ultimate goal of "hundreds of billions of dollars" indicates a direct competitive intent with TSL in terms of capital market and brand influence.

The wave of corporate crypto adoption continues to rise

Despite the recent decline in Bitcoin prices from the peak of $124,000 in early August to $115,602 (according to Coingecko data), the enthusiasm of listed companies for the allocation of Crypto Assets remains strong.

Strategic significance: As a tool for anti-inflation and asset diversification, Crypto Assets are being incorporated into the balance sheets of an increasing number of companies.

Market Effect: The holding behavior of large enterprises often generates a positive stimulus to market confidence and prices.

The addition of Faraday Future may further promote the penetration of crypto assets in traditional industries and bring new capital stories to new energy vehicle companies.

Conclusion

Faraday Future starts with a $30 million investment in Crypto Assets, aiming to eventually create a reserve of Crypto Assets worth tens of billions of dollars. This not only directly challenges TSL in the digital asset space but may also become a new model for diversified capital operations among new energy vehicle companies. As the C10 treasury bonds and ETF plans progress, the market will closely watch whether it can secure a place in the "super bull market" over the next decade. For more corporate crypto strategies and market dynamics, please follow the official Gate platform.