Fintech stock jumps 15% on major crypto announcement

Pineapple Financial Inc. (NYSE American: PAPL), a Toronto, Ontario-based fintech company, announced the official commencement of its $100 million Injective (INJ) digital asset treasury (DAT) strategy on Oct. 7. A DAT company refers to a public firm that holds a significant quantity of cryptocurrencies like Bitcoin, Ethereum, etc. on its balance sheet — similar to how public firms traditionally hold cash or commodities. Pineapple announced acquiring 678,353 INJ tokens worth approximately $8.9 million in i ...