Health-equipment producer Interactive Energy (TRNR) stated it entered right into a securities buy settlement to boost as a lot as $500 million for purchasing Fetch.ai’s FET token as a crypto treasury technique.
The Nasdaq-listed firm is already within the course of of shopping for the tokens after elevating $55 million of recent capital from ATW Companions and DWF Labs, it stated in a launch shared with CoinDesk.
“Digital property are quickly turning into an important a part of international monetary infrastructure and AI is the most important technological leap in our lifetime,” CEO Trent Ward stated within the assertion. “We consider our technique to accumulate a big variety of $FET tokens may dramatically speed up our mission to create vital long-term worth for TRNR shareholders.”
Interactive Energy, the maker of CLMBR and FORME branded gear, joins an extended listing of public corporations in U.S. which are including cryptocurrencies to their stability sheets. Most, led by Technique (MSTR), are targeted on bitcoin
BTC$109,239.32
. None of those corporations has acquired AI tokens like FET.
TRNR, which has a market cap of $8.4 million, will use BitGo for buying and selling and custody of its FET holdings, based on the press launch. Its shares rose 3.5% to 83 cents in pre-market buying and selling.
