Jia Yueting: The C10 Capital Treasury has completed a $10 million cryptocurrency allocation.

BlockBeats News, September 15th, according to Globenewswire, Faraday Future founder and co-CEO YT Jia announced in the weekly investor update that the company has officially launched a cryptocurrency ecosystem flywheel spin-off plan, which will quickly establish a second independently listed company, CXC10. The spin-off plan is initially held by Faraday Future Holdings, 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 September 19th annual shareholders meeting.

In addition, the C10 Treasury has currently completed approximately $10 million in cryptocurrency asset allocation.