Amber International raises $25.5M to expand $100M Crypto Reserve Strategy, attracting investors, positive.

Amber International Holding raises $25.5 million in a private placement to expand its $100 million Crypto Ecosystem Reserve, attracting investors like Pantera Capital and Kingkey Financial International. The company issued over 12 million Class A shares on Nasdaq at $10.45 per share, a 5% discount to its trading price.

The Crypto Ecosystem Reserve, launched earlier this year, focuses on long-term bets on blockchain infrastructure, including Bitcoin, Ethereum, Solana, Binance Coin, Ripple’s XRP, and Sui. Amber International aims to support developers and protocols on these networks with capital, liquidity, and product support to meet growing institutional demand for asset tokenization.

Amber International’s use of the reserve aligns with a trend among crypto firms to strengthen balance sheets and support long-term innovation amid cautious funding cycles. The firm is responding to increasing institutional interest in real-world asset tokenization and applications like AgentFi, leveraging smart contracts for automated financial services.

Read more at Yahoo Finance: Amber International Raises $25.5M to Expand $100M Crypto Reserve Strategy