According to news from CoinWorld, Nasdaq-listed company Interactive Strength (stock code TRNR) completed an initial investment of $55 million on June 13, initiating a crypto treasury strategy and beginning the acquisition of FET through its custodian BitGo. Interactive Strength will continue to use the remaining net proceeds from the initial financing to acquire FET on the open market, and after the $500 million financing ends, will utilize any net proceeds from additional financing to acquire FET. CoinWorld previously reported that Interactive Strength announced plans to raise up to $500 million through a securities purchase agreement, with the proceeds to be used for the purchase of Fetch.ai's token FET, aimed at building a fund focused on AI tokens. ATW Partners and DWF Labs invested $55 million in the first round of financing.

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