Interactive Strength Inc. (NASDAQ:TRNR) announced on June 16, 2025, that it closed on the initial $55 million investment for its crypto treasury strategy on June 13th. The company immediately began acquiring FET tokens in the open market over the weekend through its custodian, BitGo.
This initial funding was provided by ATW Partners and DWF Labs. TRNR plans to continue acquiring FET tokens with the remaining net proceeds and any future fundings from its $500 million facility.
This move positions TRNR to potentially hold the largest US publicly listed crypto treasury focused on an AI-token, aiming for asset appreciation as a future source of non-dilutive funding and differentiating its financial strategy.
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