1 day ago
Fitness-equipment shaper Interactive Strength (TRNR) said it entered into a securities acquisition statement to rise arsenic overmuch arsenic $500 cardinal for buying Fetch.ai's FET token arsenic a crypto treasury strategy.
The Nasdaq-listed institution is already successful the process of buying the tokens aft raising $55 cardinal of caller superior from ATW Partners and DWF Labs, it said successful a merchandise shared with CoinDesk.
“Digital assets are rapidly becoming an indispensable portion of planetary fiscal infrastructure and AI is the biggest technological leap successful our lifetime,” CEO Trent Ward said successful the statement. “We judge our strategy to get a important fig of $FET tokens could dramatically accelerate our ngo to make important semipermanent worth for TRNR shareholders.”
Interactive Strength, the shaper of CLMBR and FORME branded equipment, joins a long database of nationalist companies successful U.S. that are adding cryptocurrencies to their equilibrium sheets. Most, led by Strategy (MSTR), are focused connected bitcoin BTC. None of these companies has acquired AI tokens similar FET.
TRNR, which has a marketplace headdress of $8.4 million, volition usage BitGo for trading and custody of its FET holdings, according to the property release. Its shares roseate 3.5% to 83 cents successful pre-market trading.
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