Nasdaq’s TRNR Enters Crypto Treasury With $500M FET Token Allocation

TRNR has launched a $500 million facility to acquire FET tokens. The move makes it the largest U.S. publicly listed company with an AI-focused crypto treasury. The initial $55 million investment came from ATW Partners and DWF Labs. Nasdaq-listed Interactive Strength (TRNR) has announced a $500 million strategic funding facility to acquire FET tokens, the native asset of leading AI blockchain platform Fetch.ai. With an initial $55 million tranche led by ATW Partners and DWF Labs, TRNR is set to become the largest U.S. public company holding an AI-linked crypto treasury. This move positions TRNR at the intersection of artificial intelligence, blockchain, and digital fitness. The entire $500 million is earmarked exclusively for acquiring FET tokens. Trent Ward, CEO of TRNR, commented that crypto assets are becoming a core component of global financial infrastructure, and AI represents the most significant technological leap. “Fetch.ai is the market leader at the intersection of these two megatrends,” Ward said. Notably, all FET holdings will be securely managed through BitGo, a regulated, institutional-grade crypto custodian. Related: AI Crypto Hyp… The post Nasdaq’s TRNR Enters Crypto Treasury With $500M FET Token Allocation appeared first on Coin Edition .

Source: Coin Edition