Amber International, a Nasdaq-listed subsidiary, has completed a $25.5 million funding round to expand its crypto reserve.
Funding and Participants
The funding round was led by Amber International and included participation from Pantera Capital, CMAG Fund, and Kingkey Financial International. A total of over 12 million Class A common stock shares were issued.
Expansion Strategy
The company previously announced a target of $100 million for its Crypto Ecosystem Reserve. Currently, Amber International focuses on Bitcoin, Ethereum, and Solana, but with this new round, it plans to broaden its holdings to include Binance Coin, XRP, and Sui.
Blockchain Innovations and Institutional Interest
According to a company spokesperson, the reserve strategy aims to support institutional interest in tokenized real-world assets and drive blockchain innovation in the financial sector.
In conclusion, Amber International continues to actively expand its presence in the crypto ecosystem, attracting significant investments and developing its strategy amid growing interest in digital assets.
