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Nasdaq-listed fitness company plans to raise $500 million for FET crypto treasury

U.S.-listed fitness equipment manufacturer Interactive Strength (TRNR) announced today that it plans to raise up to $500 million in a securities purchase agreement, with the proceeds intended for the purchase of Fetch.ai's FET cryptocurrency.

The company said it has begun acquiring FET tokens using an initial $55 million investment from DWF Labs and ATW Partners.

"Fetch.ai is the market leader at the intersection of the two most important technology trends today: artificial intelligence and crypto," Trent Ward, CEO of Interactive Strength, said in a statement. "We believe our strategy to acquire a significant number of FET tokens could dramatically accelerate our mission to create significant long-term value for TRNR shareholders.”

Nasdaq-listed fitness company plans to raise $500 million for FET crypto treasury

U.S.-listed fitness equipment manufacturer Interactive Strength (TRNR) announced today that it plans to raise up to $500 million in a securities purchase agreement, with the proceeds intended for the purchase of Fetch.ai's FET cryptocurrency.

The company said it has begun acquiring FET tokens using an initial $55 million investment from DWF Labs and ATW Partners.

"Fetch.ai is the market leader at the intersection of the two most important technology trends today: artificial intelligence and crypto," Trent Ward, CEO of Interactive Strength, said in a statement. "We believe our strategy to acquire a significant number of FET tokens could dramatically accelerate our mission to create significant long-term value for TRNR shareholders.”

https://www.theblock.co/post/357730/nasdaq-listed-fitness-company-to-raise-for-fet-crypto-treasury