Amber International Holdings Ltd., a Singapore-based crypto financial services firm and subsidiary of Amber Group, operating under the brand “Amber Premium,” has announced that it has successfully raised $25.5 million through private placement to support its $100 million crypto ecosystem reserve strategy.
As per the press release, the raise was priced at $10.45 per share, a discount of 5% to the company’s three-day volume-weighted average trading price, issuing over 12 million Class A shares.
The filed documents note that, “ The private placement involved the issuance of 12,200,915 Class A ordinary shares—equivalent to 2,440,183 ADSs—and was supported by a distinguished group of institutional investors including CMAG Funds, Mile Green, Pantera Capital, Choco Up, Kingkey Financial International (Holdings) Limited (1468.HK), and other prominent investors.”
Also notes, “ Since the strategy’s announcement earlier this year, the reserve has been allocated toward major digital assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), with ongoing deployment into Binance Coin (BNB), Ripple (XRP), and Sui (SUI).”
An overview of Amber International Holdings Ltd stock
In its previous session of July 03, NASDAQ: AMBR lost 6.72% of its price and closed trading at $8.60, and in the weekly time frame, its prices are down by 21.75%.
According to the data from TradingView, Amber International stock lost 7.50% of its price in the monthly time frame, and is down by 9.66% YTD.
With back-to-back losses over dozens of sessions, AMBR fell below 20 and 50-day exponential moving averages. In the 1st half of 2024, the reported revenue of the company was $14.22 million, with net income of negative $8.81 million, and the net margin was negative 8.14%.
Yet its revenue in the 2nd half of 2024 grew by roughly 4.5 million, and the reported revenue was $18.54 million with a net income of negative $22.86 million and a net margin of negative 123.31%.
Currently, the market capitalization of the company is $76.33 million. AMBR majorly generates its revenue from China and Hong Kong, followed by other regions where it leads its operations.
Crypto market price updates
Until publishing, the crypto market capitalization was $3.35 trillion with a loss of 1.02% and a trading volume of 106.06 billion. At the same time, the crypto fear and greed index is at 55, indicating neutrality.
Bitcoin is at $108,995 with a loss of 0.80% in the past 24 hours. In the same frame, it traded highest at $110,541 and lowest at $108,617. Its market cap is down from $2.19 trillion to $2.16 trillion, and a decline of 20% notes in the trading volume.
According to the data from CoinMarketCap, the intraday gainers list has been topped by Zcash, followed by Pudgy Penguins, Tron, XDC Network, DeXe, and Four.
At the same time, the losers of the list are Jupiter, Pepe, Dogwifhat, Ethena, Worldcoin, Pyth Network, Fartcoin, Jasmycoin, and Algorand.
