๐จ Big moves in crypto finance!
Amber International has raised $25.5 million in a private placement, aiming for a $100 million crypto reserve fund. The strategy? Build a solid treasury of top tokens like Bitcoin, Ethereum, and Solana โ and possibly add BNB, XRP, and Sui later ๐
This funding round saw major backing from institutions like Pantera Capital, CMAG Funds, Mile Green, Choco Up, and Kingkey Financial ๐
Why does this matter? Because corporate crypto treasuries are on the rise globally, as more companies look to hedge inflation risks and tap into the web3 economy ๐
๐ Amberโs stock saw a modest uptick following the announcement โ a trend weโve seen before with firms like Vanadi Coffee and Fragbite Group after going crypto.
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