Enlivex has raised $21 million through a debt financing deal to expand its treasury holdings of Rain tokens tied to a decentralised prediction market platform.
The company said it purchased 3 billion RAIN tokens for $10 million at a 62% discount and extended an option to acquire a further 272.1 billion tokens at the same price until December 2027.
“We are continuing to execute our prediction markets treasury strategy, and we are pleased that Lind provided us with substantial capital,”
Said Enlivex executive chair, Shai Novik.
The funding was provided by New York-based asset manager The Lind Partners, as Enlivex continues to diversify beyond its core immunotherapy business into digital assets.
The Rain token is linked to a prediction market platform that includes a 2.5% fee mechanism used to buy back and burn tokens, supporting supply dynamics.
RAIN rose about 7% following the announcement before trading flat near $0.0088, while Enlivex shares closed down 0.9% at $1.10 before gaining in after-hours trading.
The move comes amid rapid growth in prediction markets, with volumes rising more than 1,200% to $23.3 billion over the past year, led by platforms such as Kalshi and Polymarket.
At the time of reporting, Rain price was $0.008664.