Pineapple Financial Completes $2 Million INJ Purchase
Acquires 560,647 INJ at average price of $3.567 per token as part of ongoing digital asset treasury strategy; $20.79 million in capital reserves available for future purchases
Toronto, Ontario--(Newsfile Corp. - February 19, 2026) -
This purchase further strengthens Pineapple's position as a leading publicly traded company with a dedicated digital asset treasury program. The Company's treasury currently maintains $20.79 million in capital reserves available for its continued market cash purchase program for INJ, underscoring management's long-term conviction in the Injective ecosystem.
"This $2 million acquisition reflects our disciplined and strategic approach to building our INJ treasury position," said Shubha Dasgupta, CEO of Pineapple Financial. "With $20.79 million in capital reserves earmarked for continued open-market purchases, and a combined treasury currently valued at $41.89 million compared to a market capitalization of approximately $18 million, we believe our equity does not yet fully reflect the underlying value of our digital asset holdings. We remain committed to deploying capital in a manner that we believe will be accretive to our shareholders over time."
Investors and stakeholders can access a transparent, real-time view of PAPL's INJ treasury metrics and trends through the Company's dedicated Digital Asset Treasury Dashboard. The dashboard provides comprehensive data on treasury holdings, purchase history, and key performance indicators all in one place.
Pineapple Financial Inc. (NYSE American: PAPL) is a publicly traded company with a digital asset treasury strategy focused on accumulating INJ tokens through disciplined open-market purchases. The Company is committed to delivering shareholder value through strategic capital allocation in the dynamic digital asset landscape.
In addition to its digital asset treasury, Pineapple is an award-winning fintech and leading Canadian mortgage brokerage network, focusing on both the long-term success of agents and brokers as well as the overall experience of homeowners. With hundreds of brokers within the network, Pineapple creates cutting-edge cloud-based tools and AI-driven systems to enable its brokers to help Canadians realize their dream of owning a home. Pineapple is active within the community and is proud to sponsor charities across Canada to improve the lives of fellow Canadians.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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