Pineapple Financial (NYSE American: PAPL) has announced its first purchase of 678,353 INJ tokens on the open market, amounting to approximately $8.9 million. This acquisition marks the initial execution of a planned series of cash purchases. Previously, Pineapple Financial completed a $100 million private placement to establish a dedicated Injective digital asset treasury, making it the first company listed on a national securities exchange to hold INJ tokens.