Pineapple Financial shares surge 49.64% intraday after completing $100M private placement and launching INJ digital asset strategy.

Pineapple Financial Inc. surged 49.64% intraday after completing a $100 million private placement to launch a digital asset vault strategy focused on INJ, becoming the first publicly traded company to hold INJ tokens and enter the blockchain finance sector. The strategy aims to generate approximately 12% annual passive income through staking INJ tokens, ranking among the highest returns in the industry.