Nasdaq-listed Interactive Strength to launch $500M AI token treasury with Fetch.ai
Interactive Strength (TRNR), a Nasdaq-listed fitness equipment manufacturer, plans to launch the world's largest corporate AI-crypto treasury to enhance shareholder value and integrate AI tools. The company has signed a Securities Purchase Agreement to raise up to $500 million to acquire Fetch.ai tokens. This follows an initial investment of $55 million from ATW Partners and DWF Labs for acquiring FET tokens. TRNR's CEO, Trnet Ward, emphasized the importance of AI as a significant technological advancement and believes that this strategy can significantly benefit TRNR shareholders. The announcement highlights the increasing interest in Web3 across various industries, marking a unique intersection of fitness and cryptocurrency. Further details will be provided as this story develops.
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