Fetch | Crypto

Interactive Strength (TRNR), a Nasdaq-listed fitness technology firm, is entering the digital asset space by launching what it describes as the first artificial intelligence-driven crypto treasury. The company plans to acquire $500 million worth of Fetch.ai’s FET tokens, according to a June 11 announcement. TRNR has started building its token position, backed by an initial […] The post Interactive Strength to launch AI-driven crypto treasury with $500 million Fetch.ai token acquisition appeared first on CryptoSlate.

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 Trent 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 Wednesday announcement shared with Cointelegraph. Read more