Interactive Strength Inc. Secures $55 Million for Crypto Treasury Strategy

Interactive Strength Inc. (Nasdaq:TRNR) has announced a successful initial closing of a $55 million investment. This funding supports its new crypto treasury strategy focused on AI-token acquisition. Over the weekend, TRNR began purchasing $FET tokens on the open market, facilitated by custodian BitGo.

Private equity firm ATW Partners and crypto market maker DWF Labs are key investors in this venture. TRNR aims to hold the largest crypto treasury for a publicly listed US company focused on AI tokens. As investments continue, TRNR plans to further accumulate $FET using remaining funds from the initial closing, and from future investments up to $500 million.

$FET, a top-50 cryptocurrency, aligns with TRNR's strategic goals. Details on the acquisition's rationale and structure are available on TRNR's investor website and SEC filings.