Interactive Strength aims to launch the world’s largest corporate AI-crypto treasury to boost shareholder value and incorporate AI tools.
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.
The deal will make Interactive Strength the holder of the world’s largest corporate AI token treasury, the company claims.
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