According to official news from Odaily Planet Daily, Faraday Future (FF), owned by Jia Yueting, released and launched the "EAI+Crypto" dual flywheel & dual bridge ecological strategy, launched the C10 Treasury plan, the first basket combination index of the top ten crypto assets in the US stock market, and released the "C10 Index".

The C10 Treasury will employ an 80% passive + 20% active portfolio to deliver potentially sustainable returns, funding product innovation, potential share repurchases, and further asset growth. Crypto assets will be purchased through dedicated financing. The first phase of the strategy includes asset purchases of up to $500 million to $1 billion, with the initial allocation of $30 million expected to begin as early as next week. In subsequent phases, the company aims to accelerate asset growth, reaching tens of billions of dollars as soon as possible.

The C10 Treasury plans to accumulate and compound a portfolio of the world's top ten crypto assets (excluding stablecoins), aiming to become the primary treasury within the C10 portfolio. FF also announced the first four products of its Crypto Flywheel: the C10 Index (www.c10index.com), the C10 Treasury, the Crypto+EAI ecosystem, and the future C10 ETF.

It is reported that FF is applying to register a wholly-owned subsidiary, FFAI Crypto Treasury and Bridging Holdings Inc., and its affiliated companies, which specialize in crypto business; it is also exploring the possibility of launching ETF products in the future.

EAI's EV and Crypto businesses are two independent entities under the publicly listed company FFAI. Core principles are: legal independence, operational independence, account independence, asset transparency, and future governance independence. Crypto assets are held in third-party custody, completely separated from the automotive business in terms of both legal and capital. Holdings are transparent and traceable on-chain.

In addition, California State Treasurer Fiona Ma expressed her support and endorsement for FF's new strategy through a video speech.