Fitness Firm Interactive Strength Plans to Raise Up to $500M to Buy Fetch.AI's FET Tokens

Description

Fitness equipment manufacturer Interactive Strength enters securities purchase agreement to raise up to $500 million for buying Fetch.ai tokens as a crypto treasury strategy, joining other public companies adding crypto to their balance sheets.

Authors

Oliver Knight

Publish date

June 11, 2025

Publisher

CoinDesk

Web URL

https://www.coindesk.com/business/2025/06/11/fitness-firm-interactive-strength-plans-to-raise-up-to-usd500m-to-buy-fetch-ai-s-fet-tokens

Referenced by

Interactive Strength to acquire $500M of Fetch.ai tokens

Crypto news

News story

TRNR, which has a market cap of $8.4 million, will use BitGo for trading and custody of its FET holdings, according to the press release. Its shares rose 3.5% to 83 cents in pre-market trading.

Crypto news

Quote

The Nasdaq-listed company is already in the process of buying the tokens after raising $55 million of new capital from ATW Partners and DWF Labs, it said in a release shared with CoinDesk.

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