Amber International Raises $25.5M in Private Placement to Advance Crypto Strategy

Key Points

1. Amber International completed a $25.5 million private placement priced at $10.45 per share, based on a 5% discount to its three-day volume-weighted average trading price.

2. Proceeds will be used to enhance the company's $100 million crypto reserve and expand its institutional partnerships.

3. The private placement involved institutional investors such as CMAG Funds, Mile Green, Pantera Capital, and Kingkey Financial International.

4. Amber issued over 12 million Class A ordinary shares, equivalent to about 2.44 million American Depositary Shares (ADS) on Nasdaq.

5. The company is diversifying its crypto allocations, including Bitcoin, Ethereum, Solana, Binance Coin, XRP, and SUI, signaling institutional confidence in these assets.