TLDR
- Pineapple has made its first purchase of 678,353 inj symbols worth $ 8.9 million.
- The company has officially launched its injection strategy of $ 100 million.
- Pineapple has immediately invested the entire inj position onchain to generate returns.
- The company aims to become the largest holder and the fence of the inj tokens in the ecosystem.
- Pineapple plans to integrate Injective’s blockchain into its mortgage financing.
Toronto-based fintech companies Pineapple Has completed its first open market purchase of 678 353 INJ symbols worth $ 8.9 million. This transaction officially activates Pineapple’s injection strategy of $ 100 million. The entire token purchase has been immediately added Onchain to generate returns and increase blockchain presence.
Pineapple undertakes to injecting ecosystems
Pineapple confirmed the effort for its full inj without delay after completing acquisitions. The company stated that this transaction only marks the beginning of a larger business campaign. The goal is to become the single largest proprietor and stake in the Inj globally.
In a press release Dated October 7, pineapple explained its long -term strategy for injective integration. The company had recently raised money through a private placement to support this initiative. CEO Shubha Dasgupa emphasized confidence in the future of the token.
“This initial injective investment emphasizes our conviction in the strength of the $ in -token’s future,” Dasgupta said. Pineapple’s strategic focus centers for knitting, growth and expansion of infrastructure. Treasury aims to improve its productivity through Onchain Financial Innovation.
Inj to Power MortGage Finance Onchain
Pineapple intends to integrate Injective’s Blockchain into Kärnhypotek’s business functions. This includes loan services, data management and settlement operations. The company also plans to explore the tokenization of real mortgage assets.
Such blockchain -based mortgage financing models can simplify financial processes for the elderly. Pineapple sees injectives infrastructure as a scalable solution to digitize traditional financial tasks. The project includes plans to get loan services and assets transfers completely onchain.
Pineapple believes that this transition will increase efficiency while providing greater transparency and automation. The company emphasized injective architecture as critical for the transformation. According to the company, this pivot is in line with long-term web3 adoption goals in the lending sector.
Institutional support increases injection momentum
Just before pineapple announcement shares Rex Inj etf with sec. This movement placed in, among other digital infrastructure assets in the ETF Opportunity Trust. It emphasized institutional interest in Injective’s role in modern financing.
Injicive also launched pre-ipo Perpetual Markets for synthetic shares in large private companies such as Ouena. These markets allow decentralized, utilized trade in synthetic stock instruments. Pineapple’s INJ purchase adapts to this wider ecosystem extension.
In recent weeks, Injective has exceeded $ 1 billion in real access to assets. This signals increasing adoption of the platform’s Defi infrastructure. Pineapple’s involvement comes in a time of increasing global attention to Injen’s usability.
