Amber International Raises $25.5M to Expand $100M Crypto Reserve Strategy
2025-07-03 22:35:32
Main Idea
Amber International raised $25.5M to expand its $100M crypto reserve strategy, allocating funds into bitcoin, Ethereum, Solana, and other digital assets to support blockchain ecosystem growth.
Key Points
1. Amber International Holding (AMBR) raised $25.5M in a private placement with participation from Pantera Capital, CMAG Funds, and Kingkey Financial International.
2. The funds will support exposure to BTC, ETH, SOL, XRP, BNB, and SUI as part of the Crypto Ecosystem Reserve.
3. The reserve aims to back major blockchain networks and product development.
4. The private placement was priced at $10.45 per share, a 5% discount, and involved the issuance of over 12 million Class A shares (equivalent to ~2.44 million ADSs on Nasdaq).
5. Amber International launched the reserve earlier this year to make long-term investments in blockchain ecosystems.
Description
Amber International Holding (AMBR), a crypto trading firm Amber Group subsidiary, said it raised $25.5 million in a private placement to expand its $100 million Crypto Ecosystem Reserve, a fund designed to support strategic growth across blockchain networks. The raise, announced Thursday , was priced at $10.45 per share, which is a 5% discount to the company’s three-day volume-weighted average trading price and drew participation from Pantera Capital, CMAG Funds, Kingkey Financial International,...
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