Nasdaq-listed company TRNR targets AI encryption: $500 million purchase of Fetch.ai Token (FET)

Fitness tech company Interactive Strength has invested up to $500 million to acquire Fetch.ai tokens, competing for the largest AI token pool of listed companies in the United States, and the market is watching whether this cross-border operation can bring a win-win situation for the company and FET. (Synopsis: Trump's second son Eric Trump denied joining Tron's backdoor listing, SRM Entertainment's stock price soared 533% overnight) (Background supplement: Justin Sun wants TRON to be listed in the United States!) TRON reverse merger SRM rapid IPO, Trump also has a share? Interactive Strength (Nasdaq:TRNR), maker of fitness mirrors (smart mirrors that can be illuminated during exercise), are betting heavyweight funds on crypto. Today, the company announced that it has launched a crypto asset strategy through its first round of $55 million investment, with a final size of $500 million, all of which will be used to buy Fetch.ai (FET) tokens. If completed, TRNR could become the largest holder of AI tokens among U.S. listed companies. First round of $55 million in place The company closed its first $55 million financing on June 13 through a securities purchase agreement, funded by private equity firm ATW Partners and crypto market maker DWF Labs. TRNR has commissioned custodian BitGo to buy FETs in batches on the open market. According to Financial Modeling Prep quotes on the 14th, TRNR shares closed at $0.74, up 6.2% on the day. Why is the FET locked? FET is the top 50 cryptocurrencies by market capitalization and the top five AI-themed tokens. According to Coingecko, the FET was quoted at $0.677 before the deadline. TRNR has partnered with Fetch.ai, whose autonomous agents will be integrated into TRNR's digital fitness platform to help create an AI-driven personal training experience. The company plans to leverage BitGo's multi-signature escrow to secure tokens. Cryptosphere reviews? DWF Labs commented: "This represents the next wave of AI-driven digital assets in the enterprise capital markets." Outside of crypto, Synaptogenix also intends to build a library of up to $100 million in TAO tokens, showing that traditional enterprises are quickly testing the waters of AI tokens. For TRNR, successful execution is expected to expand the balance sheet and strengthen the brand, but crypto price volatility, regulatory variables and technology integration challenges remain "unknowns". Related reports Trump's second son Eric Trump denied joining Tron's backdoor listing of new companies, SRM Entertainment's stock price soared 533% overnight Solana ETF went public in July? SEC Asks Issuer to File Amended S-1 Documents to Explain Goodwill to Staking Function "Nasdaq-listed TRNR Rushes AI Encryption: $500 Million Buys Fetch.ai Tokens (FETs)" This article was first published in BlockTempo's "Dynamic Trends - The Most Influential Blockchain News Media".