Jun 11, 07:46 PM

Nasdaq-Listed Interactive Strength Launches $500 Million AI Token Treasury With $55 Million Close to Acquire Fetch.ai for AI-Powered Fitness

Interactive Strength Inc., a Nasdaq-listed fitness company trading under the ticker TRNR, has launched a $500 million AI token treasury focused on acquiring Fetch.ai (FET) tokens. The initial close of this facility raised $55 million, backed by ATW Partners and DWFLabs, with custody and trading services provided by BitGo. This move positions Interactive Strength to build one of the largest publicly listed AI-crypto treasuries in the United States. The company plans to leverage the FET tokens to support AI-powered fitness products. This development is part of a broader trend of publicly traded firms establishing crypto AI corporate acquisition vehicles, reflecting growing buy pressure in the sector. Industry observers note the increasing intersection of blockchain and AI technologies, highlighting the potential for decentralized applications and new use cases emerging from this convergence.