Health-equipment producer Interactive Energy (TRNR) mentioned 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 latest capital from ATW Companions and DWF Labs, it mentioned in a launch shared with CoinDesk.
“Digital belongings are quickly turning into a necessary a part of international monetary infrastructure and AI is the largest technological leap in our lifetime,” CEO Trent Ward mentioned within the assertion. “We consider our technique to accumulate a big variety of $FET tokens might dramatically speed up our mission to create vital long-term worth for TRNR shareholders.”
Interactive Energy, the maker of CLMBR and FORME branded tools, joins an extended listing of public corporations in U.S. which can be including cryptocurrencies to their stability sheets. Most, led by Technique (MSTR), are targeted on bitcoin
. 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, in accordance with the press launch. Its shares rose 3.5% to 83 cents in pre-market buying and selling.
