Pineapple launches $100M injective digital asset treasury strategy

* Pineapple Financial (NYSE:PAPL [https://seekingalpha.com/symbol/PAPL]) on Tuesday announced the completion of its first open market purchase of Injective ($INJ) tokens, acquiring 678,353 $INJ tokens worth about $8.9 million.
* As disclosed on September 5, Pineapple completed a $100 million private placement to establish its Injective DAT. This initial acquisition represents the first in a series of planned open market purchases.
* Additional deployments are anticipated in the days and weeks ahead, the company said.
* PAPL +17.08% premarket to $6.1.
* Source: Press Release [https://seekingalpha.com/pr/20257270-pineapple-launches-100-million-injective-digital-asset-treasury-strategy-completing-its-first]

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