Nasdaq Firm TRNR to Acquire $500M of Fetch.ai (FET)
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TRNR has launched a $500 million facility to acquire FET tokens. The move makes it the largest U.S. publicly listed company with an AI-focused crypto treasury. The initial $55 million investment came from ATW Partners and DWF Labs. Nasdaq-listed Interactive Strength (TRNR) has announced a $500 million strategic funding facility to acquire FET tokens, the native asset of leading AI blockchain platform Fetch.ai. With an initial $55 million tranche led by ATW Partners and DWF Labs, TRNR is set to become the largest U.S. public company holding an AI-linked crypto treasury. This move positions TRNR at the intersection of artificial intelligence, blockchain, and digital fitness. The entire $500 million is earmarked exclusively for acquiring FET tokens. Trent Ward, CEO of TRNR, commented that crypto assets are becoming a core component of global financial infrastructure, and AI represents the most significant technological leap. “Fetch.ai is the market leader at the intersection of these two megatrends,” Ward said. Notably, all FET holdings will be securely managed through BitGo, a regulated, institutional-grade crypto custodian. Related: AI Crypto Hype Train? Fetch.ai (FET) Shows Signs of a Price Reversal Partnership with Fetch.ai to Power AI-Driven Fitness Platform Beyond the massive financial investment, the strategy includes a direct technology collaboration. TRNR will collaborate directly with Fetch.ai to integrate AI-powered tools into its fitness ecosystem. These include the CLMBR and FORME product lines. Fetch.ai’s agent-based AI technology will enable next-generation personalized training experiences. It will leverage decentralized large language models (LLMs) and autonomous agents. Humayun Sheikh, CEO of Fetch.ai, stated, “The Fetch.ai ecosystem enables real-time collaboration between AI agents, unlocking powerful use cases from fitness to finance.” The initial $55 million tranche is co-led by private equity firm ATW Partners and major Web3 investor DWF Labs. Andrei Grachev, Managing Partner at DWF Labs, expressed pride in supporting…
Filed under: News - @ June 12, 2025 1:27 am