Enlivex Unveils $212M Rain Token DAT Strategy as RAIN Surges Over 120%
The post Enlivex Unveils $212M Rain Token DAT Strategy as RAIN Surges Over 120% appeared on BitcoinEthereumNews.com.
Key Notes The biotech firm’s treasury pivot sparked RAIN token to surge over 120% to new all-time highs within a day of the announcement. Enlivex shares jumped 18% following the disclosure of the $212 million PIPE financing deal priced at $1.00 per ordinary share. Rain Protocol enables decentralized prediction markets on Arbitrum, competing in the growing space alongside Polymarket and Kalshi. Nasdaq-listed Enlivex Therapeutics has unveiled plans to raise about $212 million in a private placement to build a Rain token-focused digital asset treasury, positioning the project as the first prediction-markets-oriented DAT strategy by a US-listed company. The announcement coincides with a sharp move in the RAIN price on the market, where the token has gained more than 120% over the last 24 hours, according to CoinGecko. Enlivex targets $212M for Rain-focused treasury Enlivex said it has entered into a securities purchase agreement for a private investment in public equity (PIPE) financing of approximately 212 million ordinary shares (or equivalents) at $1.00 per share, a price that reflects an 11.5% premium to its November 21 closing level on Nasdaq. Gross proceeds are expected to reach around $212 million, funded in a mix of US dollars and USDT, according to its press release. $ENLV just made it rain – big time! Enlivex, a @Nasdaq-listed company, announced a $212M private financing and became the first public company to adopt a digital-asset treasury strategy built around prediction markets – with $RAIN at the center of that strategy. Just hours… pic.twitter.com/THtjBbi9Zu — Rain (@Rain__Protocol) November 24, 2025 RAIN powers a decentralized predictions and options protocol on Arbitrum, allowing users to create and trade custom markets on a wide range of events through permissionless smart contracts. This platform is following the trend of prediction markets led by Polymarket and Kalshi, which are attracting significant funding…
