Jia Yueting: C10 treasury has completed an allocation of approximately 10 million USD in cryptocurrency assets

ChainCatcher news, according to market news, Faraday Future founder and co-CEO Jia Yueting announced in the weekly investor update that the company has officially launched the cryptocurrency ecosystem flywheel spin-off plan, which will quickly establish a second independent publicly listed company, CXC10, initially held by Faraday Future, forming a dual-listed company structure. The spin-off plan has been approved by the board of directors, and detailed progress will be announced at the annual shareholder meeting on September 19. In addition, the C10 treasury has currently completed an allocation of approximately $10 million in crypto assets.