Faraday Future Targets $30M Crypto Investment, Eyes Billion-Dollar Expansion

Highlights:

• Faraday Future will launch crypto projects combining AI-powered cars with blockchain technology and investments. 
• The company plans a C10 Treasury, starting with $30 million in cryptocurrencies for future growth.
• Faraday aims to allow vehicle purchases with digital tokens, using staking rewards to fund growth and innovation.

Faraday Future, an electric car startup listed on Nasdaq, said it will start crypto-related projects. On August 17, Faraday Future Intelligent Electric Inc. announced a new plan called the “EAI + Crypto” strategy. The goal is to combine AI-powered electric cars with Web3 technology and cryptocurrency investments.

The company plans to set up a “C10 (Crypto 10) Treasury” by first buying $30 million worth of cryptocurrencies. It hopes this fund could grow to tens of billions of dollars in the future. Faraday also wants to let people buy its cars using special digital tokens. Ian Calderon, Faraday Future’s co-creation officer and a founding board member of the California Blockchain Working Group, said he believes the crypto market could experience a very long bull cycle over the next decade.

Today, Faraday Future launched the first-ever US-listed company #C10 Treasury plan and introduced the #C10 Index.
Phase 1: $500M–$1B allocation, with the first $30M expected to start next week — long-term vision: $10B scale.
This marks the start of our “EAI + Crypto”… pic.twitter.com/EE59z5RUVh

— Faraday Future (@FaradayFuture) August 17, 2025

Faraday Future Bets on Crypto Amid Struggles

Faraday Future is the newest public company planning to buy crypto. Many other companies have done the same, putting in billions of dollars and often seeing their stock prices go up as Wall Street shows more interest in crypto. Faraday Future said it will launch a “C10 Index,” which is a fund that follows the 10 biggest cryptocurrencies (not counting stablecoins). It is also looking into starting an exchange-traded fund (ETF).

Along with its index and ETF initiatives, the firm plans to implement a strategy targeting the top 10 cryptocurrencies. It announced intentions to invest between $500 million and $1 billion in crypto, beginning with an initial $30 million allocation. The treasury is set up to make money through staking rewards, which the company says can be used to fund new ideas, buy back its own stock, and grow its assets.

The company also wants to start an “EAI Vehicle Chain,” which will let people buy cars using tokens and make deposits with crypto. EAI means Embodied AI, which is AI built into real-world things like cars.

Faraday Future Turns to Crypto While Recovering from Past Challenges

California State Treasurer Fiona Ma supported the idea, saying it could help the economy, create good jobs, bring in big investments, and support sustainable growth around the world. Faraday Future is turning to crypto as it tries to recover from past problems. In 2016, the company canceled plans for a $1 billion factory in Nevada, which delayed production of its main car, the FF91 EV. By January, Faraday Future had delivered only 16 cars and recently switched to selling Chinese-made vans under its name.

In July, the company said the SEC sent Wells notices to its founder, Jia Yueting, and president Jerry Wang after a three-year investigation into possible false statements made during its 2021 SPAC merger. Faraday Future’s stock (FFAI) closed at $2.77 on Friday, down 7.6% for the day. Still, it is up 75% in the past six months and 14% so far this year, according to Google Finance.