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Faraday Future Launches Crypto Strategy, Joins Tesla in Bitcoin Holdings.
ByAinvest
Tuesday, Aug 19, 2025 4:38 am ET1min read
Faraday Future, a struggling EV company, has unveiled a cryptocurrency strategy, the C10 Index, with a basket of cryptocurrencies weighted by market cap. Bitcoin makes up almost half of the index, and Ethereum has a 24% share. The company has purchased $30 million worth of crypto and plans to increase this to $1 billion. Tesla, on the other hand, remains the 11th largest Bitcoin treasury company with 11,509 coins.
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI), a California-based global shared intelligent electric mobility ecosystem company, has unveiled a new cryptocurrency strategy, the C10 Index, with a basket of cryptocurrencies weighted by market cap. The company has purchased $30 million worth of crypto and plans to increase this to $1 billion.The C10 Index, launched on August 16, 2025, includes the world's top 10 cryptocurrencies excluding stablecoins. Bitcoin makes up almost half of the index, with a 47% share, while Ethereum has a 24% share. The index is calculated from midnight Pacific Time on August 16, 2025, with a base value of 1,000.
Faraday Future plans to use the C10 Index to manage its treasury, known as the C10 Treasury. The treasury will adopt an 80% passive + 20% active portfolio allocation model, providing potentially sustainable returns. The company aims to use the treasury to fund product innovation, potential stock buybacks, and further asset growth.
Faraday Future's crypto strategy is designed to enhance the company's financial structure. The strategy, which will be operated through a wholly owned subsidiary, FFAI Crypto Treasury and Bridging Holdings Inc., is intended to generate stable staking yields and reduce reliance on high-cost financing.
In comparison, Tesla remains the 11th largest Bitcoin treasury company with 11,509 coins, as of the latest available data.
[1] https://investors.ff.com/news-releases/news-release-details/faraday-future-launches-its-eai-crypto-dual-flywheel-dual-bridge
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