Nasdaq-listed Interactive Strength launches $500M AI token treasury with Fetch.ai
Interactive Strength aims to launch the world’s largest corporate AI-crypto treasury to boost shareholder value and incorporate AI tools.
Update June 11, 12:31 pm UTC: This article has been updated to include quotes from Trnet Ward, the CEO of TRNR.
Interactive Strength (TRNR), a Nasdaq-listed fitness equipment manufacturer, is launching what it claims to be the world’s first artificial intelligence cryptocurrency treasury, signaling growing interest in Web3 among different industries.
Interactive Strength, the maker of the CLMBR and FORME fitness equipment, has entered into a Securities Purchase Agreement to raise up to $500 million in capital to acquire Fetch.ai (FET) tokens, according to a June 11 announcement shared with Cointelegraph.
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