RAIN token pumps 100% as Enlivex announces $212M private placement for RAIN treasury strategy
Key Takeaways
- Enlivex Therapeutics is set to deploy $212 million from a private placement to adopt a RAIN-based digital asset treasury strategy.
- The company has appointed ex-Italian PM Matteo Renzi to its Board.
RAIN, the token associated with the Arbitrum-based prediction market platform Rain, doubled its value after Nasdaq-listed biotech firm Enlivex announced a $212 million private placement to initiate the world’s first treasury strategy centered on the token.
CoinGecko data shows that the RAIN token rose from $0.0038 to $0.0076 briefly after the announcement. As of press time, RAIN was trading at $0.007, up nearly 100% over the last 24 hours.
Enlivex will become the first public company to integrate a decentralized prediction market token into its corporate reserves. The team stated they will continue their clinical development of Allocetra, a therapy targeting osteoarthritis.
The Rain protocol enables users to create, trade, and resolve event prediction markets using a combination of DeFi mechanisms and AI-assisted dispute resolution to ensure fairness and accuracy. It is designed to be permissionless, transparent, and governed by RAIN token holders through a decentralized autonomous organization (DAO).
Alongside the treasury plan, Enlivex said that former Italian Prime Minister Matteo Renzi will join its board of directors. The funds from the placement will support the implementation of this strategy while continuing the company’s development of therapies like Allocetra for osteoarthritis.
Enlivex Chairman Shai Novik noted that growing institutional investments in prediction markets, including Polymarket and Kalshi, signal a maturing sector. He indicated that Enlivex’s RAIN treasury initiative could make it the first US-traded public company to provide access to this emerging sector.
The transaction is expected to be completed on or before November 25, 2025, subject to customary closing conditions.
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.
You may also like
Bitcoin Updates: Bearish Trend in Bitcoin Fuels Increased Interest in Mutuum's DeFi Presale
- Mutuum Finance (MUTM) gains traction as a DeFi presale contender, projecting 2,600% ROI with Phase 6 nearing 99% completion and a $0.040 price hike in Phase 7. - Its buy-and-distribute tokenomics and $18.89M Phase 6 raise highlight strong demand, while Halborn Security audit and Q4 2025 lending protocol launch reinforce institutional-grade credibility. - Bitcoin's dip below $83,000 amplifies MUTM's appeal as a hedge, with analysts noting 400% post-launch price potential and 24-hour leaderboards boosting
"Automation and enhanced security are driving cryptocurrency's efforts to make trading accessible to everyone"
- Bitget's Black Friday campaign offers 100% reward matches and a 50,000 USDT prize pool for spot-grid trading, targeting retail investors with automated tools. - Mutuum Finance advances to Phase 2 with 90% presale completion, preparing a Q4 2025 protocol launch supported by Halborn audits and institutional-grade security. - Both initiatives highlight crypto's shift toward democratizing trading through automation, security, and rewards to lower entry barriers for mass adoption.
Bitcoin Updates Today: The 2025–2031 Battle for Bitcoin: Long-Term Confidence Faces Near-Term Uncertainty
- Bitcoin's 2025 price dropped 30% to $85,000 amid Fed policy shifts and ETF outflows, triggering market recalibration. - Institutional investors like Harvard and Japan's Metaplanet are accumulating BTC, signaling potential 2026–2031 bull phases. - Analysts project $160,000–$350,548 targets by 2026–2031, but warn of $53,489–$58,000 bear risks amid macroeconomic uncertainties. - Long-term bullish sentiment persists despite short-term volatility, with on-chain data showing whale accumulation at discounted le
Spain’s Revamp of Crypto Tax Laws May Spark Market Turmoil, Opponents Caution
- Spain's Sumar group proposed crypto tax hikes to 47% and a risk "traffic light" system for platforms in November 2025. - The plan introduces dual taxation for individuals/businesses and expands seizable crypto assets beyond EU MiCA rules. - Experts warn of legal challenges, market instability, and "absolute chaos" if the reforms create compliance burdens for investors. - Critics argue the measures could deter crypto adoption, drive activity underground, and destabilize Spain's emerging crypto sector.
Trending news
MoreCrypto prices
More
