Amber International Raises $25.5M to Expand $100M Crypto Reserve Strategy

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.