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Jia Yueting: Faraday Future Currently Has No Plans to Increase Treasury Stock by Issuing Shares
BlockBeats News, September 5th, Jia Yueting tweeted that the core principle of Faraday Future (FFAI) has always been "shareholder first." The company has no intention to issue FFAI shares for treasury holdings. If a new policy requires the issuance of shares for this purpose, the company will strictly comply after formal implementation.
On August 17th, Faraday released the C10 Treasury, a treasury product based on the "C10 Index" allocation. The first phase aims to purchase $5 to $10 billion of cryptocurrency assets after obtaining the necessary funding. The initial allocation amount is $30 million.
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