Amber International Holding announced the successful raising of $25.5 million through private placement for its cryptocurrency reserve program expansion.
Successful Stock Placement
Amber International Holding successfully raised $25.5 million through a private placement to fortify its cryptocurrency reserve program. Key participants in this placement include Pantera Capital and other financial institutions. The funds will be allocated to investments in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), Ripple (XRP), and Sui (SUI). The placement was set at $10.45 per share, which is a 5% discount to the company's average market price.
Market Outlook
The cryptocurrency market continues to exhibit positive signs. Bitcoin (BTC) has shown resilience and is currently priced at $108,679.95, with a market capitalization of $2.16 trillion. Bitcoin's market dominance stands at 64.69%, with a 30.19% increase over the last 90 days, indicating strong investor confidence.
Management Quotes
Wayne Huo, CEO of Amber International, stated: "This private placement is about forging deeper alignment with strategic investors. This exceptional group of investors brings global networks, policy insight, and sector expertise that will amplify our growth in key markets. We’re entering a new chapter for institutional crypto — and we’re doing it with partners who truly understand the space."
Amber International is strengthening its position in the cryptocurrency market through new funding, reflecting a growing interest from institutional investors.
