X @BSCN

Investment & Strategy - Pineapple Financial launches a $100 million Digital Asset Treasury (DAT) strategy focused on Injective [1][2] - The company purchased 678,353 Injective (INJ) tokens, valued at approximately $8.9 million, on the open market [1] - Pineapple aims to become the largest INJ holder and staker within the Injective ecosystem [2] - The $100 million treasury was funded through a private placement last month and is a key component of Pineapple's onchain finance strategy [2] Staking & Revenue - All acquired INJ tokens will be staked onchain, generating an expected annual yield of 1275%, nearly double Ethereum's and 180% of Solana's rate [1] - Pineapple anticipates generating a recurring revenue stream through staking rewards earned from holding and staking INJ [3] Onchain Finance & Institutional Adoption - Pineapple is considering integrating its mortgage business onchain using Injective's infrastructure [3] - This move represents an early instance of a large-scale corporate treasury strategy centered around a single blockchain protocol [3] - Injective Labs views Pineapple's investment as accelerating the adoption of onchain finance and reinforcing Injective's position as a leading blockchain for financial applications [4]