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– Enlivex Therapeutics plans $212M Rain token DAT strategy – RAIN token price surges over 120% in 24 hours
Key Highlights of Enlivex's $212 Million Treasury Initiative:
- Enlivex Therapeutics, a Nasdaq-listed company, plans to raise $212 million through a private placement to establish a Rain token-focused digital asset treasury.
- This strategy marks the first prediction-markets-oriented digital asset treasury by a US-listed company.
- The announcement has driven RAIN token's price up by over 120% in the last 24 hours, according to CoinGecko.
- Enlivex's securities purchase agreement involves a PIPE financing of approximately 212 million shares at $1.00 per share, an 11.5% premium over its November 21 closing level.
- Funding will be a mix of USD and USDT, as reported in their press release.
Market Impact and Performance:
- RAIN powers a decentralized predictions and options protocol on Arbitrum, allowing users to create and trade custom markets via smart contracts.
- The token has recently achieved a new all-time high with trading volumes exceeding $46 million.
- Enlivex's stock on Nasdaq rose by 18% within 24 hours following the treasury announcement, with a market cap of $28.425 million.
Despite a general decline in the cryptocurrency market, the interest in prediction market platforms like Rain remains strong in 2025. The initiative by Enlivex has garnered significant attention as the first public company in the US to adopt such a strategy.