贾跃亭豪掷10亿买加密资产：FF 的“东山再起”还是新融资游戏？

比推Published on 2025-08-18Last updated on 2025-08-18

作者：1912212.eth，Foresight News

原标题：贾跃亭要来币圈圈钱了？

8 月 17 日，贾跃亭旗下的法拉第未来（Faraday Future，以下简称 FF）宣布推出「C10 指数」和基于该指数的「C10 财库」产品，正式进军加密资产领域。作为美国上市公司首创的加密资产一篮子组合指数型财库计划，引起市场不少关注度。FF 表示，此战略旨在构建「EAI + Crypto」双飞轮与双桥梁生态体系，将人工智能出行（EAI）与 Web3 技术深度融合，推动出行产业全面 Web3 化。

C10 指数追踪全球前十大加密货币（不含稳定币），包括比特币、以太坊、Solana 等主流资产。

另一边，C10 财库采用 80% 被动 +20% 主动的投资模式，确保可持续回报。据其官网显示，FF 将会使用专项融资资金来专门购买加密资产，其潜台词即为能否获得募资最为关键。如果募资失败，则一切将成泡影。即 FF 要向市场募资并使用该资金购买加密资产。第一阶段目标是在获得必要资金后，购买 5-10 亿美元加密资产，首批 3000 万美元配置最早预计本周启动。长期愿景是扩展至 100 亿美元规模，通过质押收益实现复利增长。

FF 正在成立一家全资子公司，名为 FFAI 加密货币金库与桥接控股公司（FFAI Crypto Treasury and Bridging Holdings Inc.），以开展加密货币业务。

FF 官方在公告中明确表示，该战略旨在优化法拉第未来的利润表、资产负债表和现金流状况。通过将链上资产同时作为储备金和灵活资本。该战略使法拉第未来能够获得稳定的质押收益，从而可能减少对高成本融资的依赖，并提升资产净值和结构。法拉第未来的加密货币业务和电动汽车业务计划采用独立的法律和财务架构运营，以促进风险隔离、运营独立性和资产透明度。数字资产将由第三方托管机构持有，并可在链上完全验证。

总体而言，C10 财库的收益可用于资助产品创新、股票回购，甚至申请加密 ETF 牌照。这不仅是财务策略，更是生态布局：FF 计划将 EAI EV 资产上链，构建出行 + 区块链 + 加密的应用场景。贾跃亭的个人经历也影响了这一决策——乐视崩盘后，他深谙资金链的重要性，此次转向加密，或是为 FF 注入「复利效应」，对标传统指数基金，成为「加密版标普 500」。

此外，在全球加密热潮下，此举可提升 FF 的品牌曝光，吸引 Crypto 投资者。FF 还拉来一些当地名望为其加密资产战略「站台」，加州州财政部长 Fiona Ma 现场通过视频发表讲话，表达了对该公司新战略的支持。

2025 年上半年，FF 通过股权融资和合作伙伴注入资金，逐步稳定运营。此次加密战略的推出，被视为贾跃亭「东山再起」的新尝试，他发推推广称此举将「放大股东和产业价值」。

其股价也从今年底部 0.83 美元涨至最高 3.6 美元，涨幅超 400%。

从乐视到法拉第

贾跃亭的创业生涯充满波折。早在乐视时代，贾跃亭以「生态化反」理念打造互联网帝国，但 2017 年乐视资金链断裂，导致他欠下巨额债务，并于同年赴美避债。从成功企业家跌落成人人批判的「老赖」。

此后，他多次承诺「下周回国」却未兑现，饱受舆论非议。

2019 年，贾跃亭在美国申请个人破产重组，以化解超过 36 亿美元的债务。近年来，他担任 FF 创始人兼联合 CEO，专注于公司复兴。FF 曾面临生产延误、资金短缺等挑战，但 2023 年起开始交付 FF 91 车型，并于 2024 年推出更亲民的 FF 81 系列。尽管股价波动剧烈，FF 市值一度缩水，但贾跃亭坚持「颠覆者」定位，强调 AI 与电动出行的融合。

电动汽车行业竞争激烈，特斯拉、Rivian 等巨头主导市场，FF 需创新突破。FF 正寻求多元化融资渠道，以支撑高昂的研发成本。贾跃亭表示，「双飞轮」战略将连接电动汽车产业与加密资本，通过加密资产的增值效应，形成正向循环。

值得一提的是，今年 7 月，FF 还宣布与数字资产基础设施平台 HabitTrade 达成战略合作，进军 RWA 市场以代币化 FF 资产。简而言之，即用卖车的承诺「换来 USDT 的融资，承诺在未来以」收益权代币「的形式回馈投资人。不过问题的核心又回到了： FF 何时能把车交付出去？FF 在 2025 年 3 月 31 日向美 SEC 提交的 10K 表格中曾表示公司债务以及产品交付等因素都有着不确定性以及风险。

贾跃亭近期在 RWA 以及加密资产财库上的动作虽大胆，却面临风险：加密市场波动大，FF 若资金链再出问题，可能加剧债务负担。但若成功，则将提升 FF 的品牌形象，推动电动汽车与加密的跨界融合。贾跃亭的梦想家标签，或许将在加密时代重获新生。

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原文链接:https://foresightnews.pro/article/detail/89100
说明: 比推所有文章只代表作者观点，不构成投资建议
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