$FET According to BlockBeats, on June 17th, Interactive Strength Inc. (Nasdaq: TRNR) announced the completion of its first investment transaction worth 55 million USD into the cryptocurrency reserve strategy on June 13th. Shortly after, through the custodian BitGo, TRNR took advantage of the 24/7 trading nature of the crypto market to start purchasing FET tokens on the open market over the weekend.
Implementation plan:
TRNR is expected to continue using the remaining funds from the initial investment along with new capital from the 500 million USD financing limit that will be disbursed in the future to continuously accumulate FET in the open market.
With the amount of FET purchased using the initial capital, TRNR is expected to become the publicly listed company holding the largest amount of AI tokens in its cryptocurrency reserve portfolio.
