Imagine the office’s underdog, the guy who promised big but stumbled harder than Michael Scott on roller skates.
That’s Faraday Future for you. Once hailed as a Tesla rival, this electric vehicle company just threw a curveball.
A big one. They’ve jumped headfirst into the crypto game with a new strategy that might make you say, wait, what?
Faraday Future (-100%) just launched a crypto strategy LOL
— matthew sigel, recovering CFA (@matthew_sigel) August 19, 2025
Lifeline?
Let’s rewind a bit. Faraday Future started with a bang back in 2014. By 2016, they flaunted their first concept car, something straight outta Batman’s garage. Looked cool, promised tech wizardry. But then silence.
Production delays, barely any cars delivered, and a stock tanking like your Monday morning mood.
The SEC even slapped them in 2021 with a Wells notice over their SPAC merger shenanigans. The result? Their stock has fallen 98% from its peak.
But here’s where it gets spicy. Faraday is now rolling out a cryptocurrency strategy, introducing the so-called C10 Index, a slick basket of cryptocurrencies weighted by market cap.
Bitcoin? Almost half the index. Ethereum takes a solid 24%. That’s a serious crypto cocktail.
They’ve dropped $30 million into crypto so far, and get this, they plan to pump up their holdings to as much as $1 billion. One billion dollars. Talk about doubling down, hard.
Playing it early
Tesla, the OG EV titan, sits comfortably in the crypto clubhouse as the 11th biggest corporate Bitcoin treasury holder.
Years ago, Tesla dropped $1.5 billion on Bitcoin , talk about playing it early and winning.
Their 11,509 BTC have long been a legendary crypto power move, helping fuel a bull run nobody saw coming. Of course, they sold the majority of their coins.
Fortune favors the brave
Faraday Future might have stumbled outta the gate with delays and regulatory drama, but now they’re chasing Tesla’s shadow with crypto bets.
It’s a crazy cocktail of EV ambition mixed with digital gold fever. Will this risky move be their comeback story or just another episode of corporate missteps? The real question, right?
Now, if you’re watching from your cubicle, remember this, sometimes, in business, and life, it pays to bet big and act brave.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
