Shares of electric vehicle manufacturer Faraday Future Intelligent Electric (FFAI) fell nearly 7% on Monday, closing at $2.58 after the company reported its second-quarter earnings and unveiled an ambitious multibillion-dollar cryptocurrency strategy. The dip in share price came despite the company’s announcement of a new digital asset initiative, which initially caused a short-lived spike at market open. Over the weekend, Faraday revealed that it had already purchased $30 million worth of crypto for its strategic reserve and plans to eventually scale that investment into “tens of billions.” Faraday Future Pushes Ahead With Crypto Treasury Central to the plan is the launch of its C10 Treasury, a diversified basket of the top 10 cryptocurrencies by market capitalization, excluding stablecoins. Bitcoin makes up half of the basket, while Ethereum holds a 23.7% allocation. Faraday also disclosed its intention to invest between $500 million and $1 billion in top crypto assets as part of its long-term reserve strategy. In addition, the company said it is preparing to roll out an exchange-traded fund (ETF) for the C10 product, targeting institutional and retail investors alike. This move aligns the company with a growing number of publicly listed firms using crypto as part of their treasury management strategies. Despite recent volatility in Bitcoin and Ether, corporate accumulation of digital assets continues to expand. Q2 Earnings Show Positive Outlook Alongside its crypto announcement, Faraday reported second-quarter earnings that reflected ongoing financial discipline. The company posted a net operating loss of $48.1 million, slightly narrowing from $50.6 million in the same quarter last year. Operating expenses fell sharply to $21.3 million, a 29% decline year-over-year, signaling efforts to reduce costs and improve efficiency. “In the second quarter, we achieved several notable capital markets milestones and also continued to strengthen our operating efficiencies and cost control measures,” said Matthias Aydt, Global Co-CEO of Faraday Future. Despite the headline loss, management expressed confidence in the company’s outlook for the second half of 2025, highlighting upcoming EV rollouts and strengthened liquidity. In another positive development, Faraday confirmed its inclusion in the Russell 3000 Index, placing it among the 3,000 largest publicly traded companies in the U.S. As Faraday Future pushes forward with its dual strategy of scaling EV production and building a large crypto treasury, investors remain divided on whether the bold approach will deliver long-term stability or expose the company to additional market risk. The post Faraday Future Shares Drop 7% After Bold Crypto Reserve Plan appeared first on TheCoinrise.com .
