Nasdaq-listed TRNR Raises $500M for FET AI Crypto Treasury

, By Cointelegraph
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Update June 11, 12:31 pm UTC: This article has been updated to include quotes from Trnet Ward, the CEO of TRNR.

Interactive Strength (TRNR), a Nasdaq-listed fitness equipment manufacturer, is launching what it claims to be the world’s first artificial intelligence cryptocurrency treasury, signaling growing interest in Web3 among different industries.

Interactive Strength, the maker of the CLMBR and FORME fitness equipment, has entered into a Securities Purchase Agreement to raise up to $500 million in capital to acquire Fetch.ai (FET) tokens,…



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Nasdaq-listed TRNR Raises $500M for FET AI Crypto Treasury

, Published By Cointelegraph
Blockchain


Update June 11, 12:31 pm UTC: This article has been updated to include quotes from Trnet Ward, the CEO of TRNR.

Interactive Strength (TRNR), a Nasdaq-listed fitness equipment manufacturer, is launching what it claims to be the world’s first artificial intelligence cryptocurrency treasury, signaling growing interest in Web3 among different industries.

Interactive Strength, the maker of the CLMBR and FORME fitness equipment, has entered into a Securities Purchase Agreement to raise up to $500 million in capital to acquire Fetch.ai (FET) tokens,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Standard Nuclear emerges from the ashes of a failed startup
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ACKO Expands its Footprint; Launches ACKO Drive in Ahmedabad
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