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Interactive Energy (TRNR), a Nasdaq-listed health tools producer, is launching what it claims to be the world’s first synthetic intelligence cryptocurrency treasury, signaling rising curiosity in Web3 amongst totally different industries.
Interactive Energy, the maker of the CLMBR and FORME health tools, has entered right into a Securities Buy Settlement to boost as much as $500 million in capital to accumulate Fetch.ai (FET) tokens, based on a June 11 announcement shared with Cointelegraph.
The deal will make Interactive Energy the holder of the world’s largest company AI token treasury, the corporate claims.
Interactive Energy has already began buying FET tokens with an preliminary $55 million funding from non-public fairness agency ATW Companions and crypto market maker DWF Labs.
AI is the “largest technological leap in our lifetime,” mentioned Trnet Ward, the CEO of TRNR.
“We imagine our technique to accumulate a major variety of $FET tokens might dramatically speed up our mission to create important long-term worth for TRNR shareholders,” he added.
Associated: ‘Apple should buy Bitcoin,’ Saylor says, as share buyback disappoints
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