- NYSE-listed Pineapple Monetary has bought 560,000 Injective ($INJ) tokens value $2 million as a part of its money buy program.
- The primary buy was in October, the place the corporate amassed 678,000 tokens at $12.4; this batch has misplaced 76% of its worth at present costs.
Canadian mortgage brokerage firm Pineapple Monetary has introduced a contemporary spherical of $INJ token purchases, this time totaling $2 million because it continues to transition right into a $INJ Treasury firm.
The NYSE-listed Pineapple introduced the transfer on Thursday, revealing it had acquired 560,647 $INJ tokens for $2 million, and indicating that it’ll proceed to extend its place within the years forward. As of Thursday, the agency held $20.8 value of $INJ tokens.
“Our conviction in Injective stays unchanged,” it added.
Pineapple Monetary (NYSE: PAPL) is accelerating its $INJ acquisitions.
At present, they introduced extra $INJ amassed from the open market as they proceed to develop their Injective first treasury technique within the public fairness markets. https://t.co/iB4fUC4yWw
— Injective (@injective) February 20, 2026
The corporate first bought Injective tokens in October final yr, buying 678,353 $INJ tokens value $8.9 million on the time. A month earlier, it had accomplished a $100 million non-public placement to ascertain an Injective digital asset treasury. The said objective was to turn into “the world’s largest holder and staker of $INJ.” The corporate stakes all its tokens.
The tokens it bought in October have now misplaced over 75% of their worth, down from $12.4 on the time to $3.31 at press time. Nevertheless, this has not affected the corporate’s technique and it continues to build up.
Pineapple’s contribution to the Injective ecosystem goes past the token accumulation. It has indicated plans to combine the community’s DeFi infrastructure and asset tokenization into its mortgage operations. Injective has lately introduced IIP-619 and the Group Buyback to spark the token’s restoration.
“The Injective funding underscores our conviction within the energy of the $INJ token’s future and our ambition to create the world’s largest and best $INJ treasury platform,” CEO Shubha Dasgupta commented.
In line with a monetary report printed per week in the past, the corporate claims to have $42.74 million in its digital asset treasury, consisting of the $20 million in $INJ, $5 million in stablecoins and $15 million in money. Nevertheless, with its shares buying and selling at $0.73, the corporate’s total market cap is lower than half its DAT at round $20 million.
The Rise of Digital Asset Treasury Firms
Pineapple Monetary is one among dozens of listed corporations which are progressively pivoting from their unique enterprise strains to turn into digital asset treasuries.
Technique stays the business poster boy, and its turnaround from a struggling enterprise options firm to hit $120 billion in market cap final yr has impressed these DATs to proceed accumulating. Initially, treasuries have been restricted to BTC and ETH, however they’re now branching out into smaller tokens.
As we reported, one such DAT, the Solana Firm, lately introduced that it could enable establishments to borrow in opposition to their natively staked SOL, which gave its inventory an enormous enhance. One other DAT, Sui Group, introduced in January that it could launch a brand new Sui-based stablecoin for token buybacks.
Monetary specialists have warned in opposition to these DATs, which they are saying is crypto’s newest bubble, and as soon as it explodes, hundreds of traders will lose billions of {dollars}. This yr, DATs have been hit laborious by token worth drops, shedding practically a fifth of their inventory worth as different business benchmarks improved barely.
DATs Efficiency in 2026.
