Enlivex Raises $21 Million to Expand RAIN Token Treasury

Enlivex, originally a biotechnology company developing immunotherapies, recently added RAIN, the native token of prediction-market platform Rain, to its corporate treasury. The move extends a trend of non-crypto companies allocating funds to digital assets and more directly links the value of Enlivex’s holdings to adoption of the Rain platform and fluctuations in the token’s price.

Enlivex raised $21 million through debt financing and plans to buy another 3 billion RAIN tokens. The company also extended until December 2027 an option to purchase more tokens at the same discounted price, further increasing the size of its RAIN reserves and its market exposure.