Enlivex Therapeutics is raising $212 million to invest in RAIN, the token of a blockchain-based prediction market, which will become its main treasury reserve asset.
Microcap Biotech Firm Raises $212M for Prediction Market Token Treasury Strategy
Enlivex Therapeutics is raising $212 million to invest in RAIN, the token of a blockchain-based prediction market, which will become its main treasury reserve asset.
Shares:
The company's shares will trade under the ticker "CRCL."
The project aims to monetize surplus energy and potentially add BTC to Adecoagro’s balance sheet.
The firm held roughly $8.9 billion in bitcoin in the reserves, translating to roughly 83,200 coins.
The ratio of Binance USDT reserves to user balances also dropped significantly.