Powering the Future of Onchain Finance with Injective
Pineapple (PAPL), the world’s largest publicly traded INJ holder, provides unmatched onchain yield and institutional-grade INJ exposure while advancing tokenization and the next era of global markets.
Pineapple Financial Closes $100 Million Private Placement and Initiates Injective Digital Asset Treasury Strategy, Becoming the First Publicly Traded INJ Holder on a National Exchange
Toronto, Canada, September 5, 2025 — Pineapple Financial Inc. (NYSE American: PAPL) (the “Company” or “Pineapple”), a leading fintech platform, today announced the closing of a private placement for the purchase and sale of an aggregate of 24,642,700 subscription receipts, for aggregate gross proceeds of approximately $100 million. Pineapple intends to deploy the net proceeds to launch the first digital asset treasury strategy anchored in INJ, the native asset of Injective. With this closing, Pineapple becomes the first and only publicly traded INJ holder worldwide and an early mover in the convergence of fintech and blockchain based finance. The purchase
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Unlocking a Multi-Trillion Dollar Tokenization Market
Pineapple is the largest publicly traded INJ holder. PAPL offers institutional grade INJ exposure with transparent reporting.
We participate across the Injective ecosystem with specialized asset managers to pursue onchain yield, support liquidity, and align with the network that powers next generation market rails.
Public company oversight, clear risk practices, and institutional custody provide a compliant and auditable path to onchain exposure for investors and advisors.
The 100 million treasury is the starting point for a comprehensive program that may expand as the strategy scales.
