Pineapple Financial invests in Injective with $8.9 Million INJ token Buy
Pineapple Financial has made a meaningful move in the crypto space. The company bought 678,353 INJ tokens for $8.9 million. This is the first step in its $100 million Injective treasury plan. The tokens will be staked too earn rewards and boost its blockchain presence.
Injective is a blockchain platform. It offers decentralized finance solutions. Pineapple aims to become the biggest INJ token holder. The firm plans to stake these tokens.This will help it earn rewards. It also wants to use Injective’s technology in its mortgage business.
Shubha Dasgupta, pineapple’s CEO, sees Injective as a key player. The firm believes Injective can transform mortgage finance. the tokens will be staked. This will generate income. It will also help in the growth of Injective.
