- Pineapple Monetary, an organization listed on the New York Inventory Trade, bought 560,000 injectives ($INJ) tokens value $2 million as a part of a money buy program.
- The primary buy was in October, when the corporate accrued 678,000 tokens at $12.4. This batch has misplaced 76% of its worth at present costs.
Canadian mortgage dealer Pineapple Monetary has introduced a brand new spherical of financing. $INJ Buy of tokens, this time for a complete of two million {dollars}, $INJ monetary firm.
Pineapple, which is listed on the New York Inventory Trade, introduced the transfer on Thursday, saying it had acquired 560,647 shares. $INJ The token was acquired for $2 million, indicating that it’s going to proceed to extend its standing within the coming years. As of Thursday, the corporate had property value $20.8. $INJ token.
“Our perception in Injective stays unchanged,” he added.
Pineapple Monetary (NYSE: PAPL) $INJ Acquisition.
At this time they made extra bulletins $INJ They’ve accrued from the general public markets as they proceed to increase their Injective First Treasury technique in public fairness markets. https://t.co/iB4fUC4yWw
— Injective (@injective) February 20, 2026
The corporate first bought Injective tokens in October final 12 months, buying 678,353 tokens. $INJ Tokens value $8.9 million on the time. A month earlier, the corporate had accomplished a $100 million non-public placement to create the Injective digital asset vault. The said aim was “to change into the world’s largest proprietor and investor.” $INJ”The corporate is staking all its tokens.
The token the corporate bought in October has now misplaced greater than 75% of its worth, falling from $12.4 on the time to $3.31 at press time. Nonetheless, this has not affected the corporate’s technique and continues to build up.
Pineapple’s contribution to the Injective ecosystem goes past token accumulation. It plans to combine the community’s DeFi infrastructure and asset tokenization into its mortgage enterprise. Injective just lately introduced IIP-619 and a group buyback to facilitate the restoration of the token.
“This injection funding is $INJ The way forward for tokens and our ambition to create the world’s largest and most efficient tokens $INJ Finance Platform” CEO, Shubha Dasgupta commented.
In line with a monetary report issued per week in the past, the corporate claims to have $42.74 million in its digital asset vault, of which $20 million is digital property. $INJ$5 million in stablecoins and $15 million in money. Nonetheless, the inventory is buying and selling at $0.73, and the corporate’s market capitalization is lower than half of DAT’s, about $20 million.
Rise of digital asset treasury corporations
Pineapple Monetary is considered one of dozens of publicly traded corporations which can be regularly pivoting from their authentic line of enterprise to digital asset treasury.
Technique stays an business figurehead, and its turnaround from a struggling enterprise options firm to a $120 billion market cap final 12 months was the catalyst for the continued accumulation of those DATs. Initially, Treasury was restricted to BTC and ETH, however has now expanded its scope to smaller tokens as nicely.
As we reported, one such DAT, Solana Firm, just lately introduced that it might enable monetary establishments to borrow towards its SOL holdings, which considerably boosted the corporate’s inventory value. One other DAT, Sui Group, introduced in January that it might launch a brand new Sui-based stablecoin for token buybacks.
Monetary specialists have warned that these DATs are the newest bubble in cryptocurrencies, and that after they burst, 1000’s of traders will lose billions of {dollars}. DAT has been hit onerous this 12 months by falling token costs, dropping almost a fifth of its inventory worth as different business benchmarks improved barely.
DAT efficiency in 2026.
