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Jia Yueting: The C10 treasury has completed approximately $10 million in encryption asset allocation.
On September 15, according to Globenewswire, Faraday Future founder and co-CEO Jia Yueting announced in a weekly investor update that the company has officially launched the Crypto Assets ecosystem flywheel spin-off plan, which will quickly establish a second independent publicly listed company, CXC10, initially controlled by Faraday Future, forming a dual listing company structure. This spin-off plan has been approved by the board of directors, and detailed progress will be announced at the annual shareholders meeting on September 19. In addition, C10's treasury has currently completed an allocation of approximately 10 million dollars in crypto assets.