Biotech Firm Bets on Future Predictions with Massive Crypto Move

• Enlivex Therapeutics, a small biotech company from Israel that is listed on the Nasdaq, wants to raise $212 million.
• The money will buy RAIN tokens, which are used to power a blockchain system that lets people bet on real-world events.
• Matteo Renzi, who used to be the Prime Minister of Italy, is now on the board.

Enlivex Therapeutics is a small company in the biotech field. It only has a market value of $22 million, so it is focused on new treatments. Their main drug, Allocetra, helps with osteoarthritis, which is a painful joint problem that affects more than 30 million people in the US. At the moment, no drugs can stop the damage; they can only make it hurt less.

The company is selling shares in a private deal for $1 each. That’s a little more than what the stock was last sold for. The cash ends tomorrow, November 25, 2025. Most of it goes right into buying RAIN tokens.
Arbitrum is a smart computer network that RAIN runs on. It lets people guess what will happen in things like games or elections by making markets. Using special technology or even AI, bets are settled fairly. Plus, RAIN has a system that buys back and destroys some tokens. This could make the rest of the tokens worth more over time.

Prediction markets are like smart betting pools. They use the wisdom of the crowd to make predictions. People have been talking about big names like Polymarket and Kalshi a lot lately. The owner of the New York Stock Exchange and its biggest investors are behind them. Enlivex thinks this is a great place to grow.
Last year, Enlivex got into crypto by letting its cash pile hold up to $1 million in Bitcoin. We don’t know how much they bought, but it shows that they are open to new ideas. They’re all in on this tech now that RAIN is the top reserve.

One post from @Rain__Protocol highlights their setup: “Rain is a decentralized prediction and options protocol on @arbitrum. Anyone, anywhere, in any language can create markets… At the core is $RAIN – a token designed with a deflationary engine…”