According to Mars Finance, Nasdaq-listed company Interactive Strength (stock code TRNR) completed an initial investment of $55 million on June 13, launching its 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 will use any net proceeds from additional financing after the completion of the $500 million financing to acquire FET. Foresight News previously reported that Interactive Strength announced a plan to raise up to $500 million through a securities purchase agreement, with the proceeds to be used for purchasing Fetch.ai's token FET to build a fund focused on AI tokens. ATW Partners and DWF Labs invested $55 million in the first round of financing.

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