Interactive Streng Inc. (TRNR), a product based in the United States for specialized fitness equipment, on plans to determine what could become the largest cryptocurrency Ministry in the United States, and focuses on artificial intelligence (AI).
The company intends to secure up to $ 500 million through the securities purchase agreement. The revenues will be used to acquire the distinctive symbols of the Fet alliance associated with the Fetch.AI project.
American fitness company creates symbolic treasury
According to the official announcement, the initiative started with an initial investment of $ 55 million from ATW Partners, a private stock company, and DWF LABS, an investment company in WeB3 and market making.
This represents the first stage of the TRNR strategy to build a large Fet detention. Moreover, to ensure security, TRNR has partnered with BITGO, which is a leading cryptocurrency detention, to manage and trade fetal assets.
The goal is to enhance the company’s financial flexibility. The strategy will also support TRNR aspirations in artificial intelligence and digital fitness. Moreover, it aims to provide larger shareholders ’exposure to emerging growth origins.
“Fetch.ai is the leading company in the market at the intersection of the two most important trends of technology today: artificial intelligence and encryption. We believe that our strategy to acquire a large number of fetus icons can greatly accelerate our mission to create a great long -term value for TRNR shareholders,” He said Trent Ward, CEO of TRNR.
It is worth noting, according to the agreement, Fetch.AI will participate with TRNR to enhance its digital fitness and follow the development of a personal training platform on behalf.
This step places Fet along with Solana (SOL), ETHEREUM (ETH), XRP (XRP), and bittensor (TAO) as Altcoins that gain traction in the increasing direction to create a encoded cabinet.
Despite this announcement, Fet, the fourth largest symbol of artificial intelligence for each CoingeckoThere was no increase in prices. In fact, during the past day, Altcoin’s value decreased by 6.9 %. At the time of the press, it was circulated at $ 0.75.
However, the encryption analyst and investor Ted Bedou believe that the price can recover soon. In the X (formerly on Twitter) post, the pillows highlighted that FET is close to collapse and could collect more than $ 1.
“It seems $ 0.7 -0.72 dollars as strong support, so any decline in purchase will be. Once FET exceeds $ 0.8, it will be operated about $ 1.1-1.2 dollars at any time,” so it will be up. mail Read.
Meanwhile, TRNR arrow witnessed the pump style and discharge after the news, with the shares rise sharply before decline.
At the time of this report, the share price reached $ 0.91, a decrease of 21.3 % since the advertising pump.
Disintegration
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