Company #FaradayFuture (FF) — an American electric vehicle manufacturer — announced a new strategy 'EAI + Crypto', which combines artificial intelligence and cryptocurrency economy.

The first element of the strategy is the C10 index — a portfolio of 10 leading crypto assets (excluding stablecoins) by market capitalization. Based on this, they plan to create a crypto reserve with a potential investment volume ranging from $500 million to $1 billion. The initial tranche may amount to about $30 million. The portfolio will be formed according to the model '80% passive, 20% active'.

Digital assets will be stored with third-party custodians. The crypto division will operate separately from the main business to minimize risks.

It is known that the company plans to direct the treasury's profits towards the development of new products, share buybacks, and asset expansion. In addition, FF is considering the possibility of creating an ETF product based on the C10 Index.