Summary
- Amber International Holdings announced that it has newly raised $25.5 million to expand its virtual asset reserves.
- This private placement included major venture capital such as Pantera Capital, and more than 12 million Class A shares were issued.
- Amber International explained that with this funding, they plan to expand their portfolio not only to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), but also to Binance Coin (BNB), Ripple (XRP), and Sui (SUI).
Amber International Holdings, a subsidiary of the virtual asset (cryptocurrency) trading company Amber Group, has raised $25.5 million to expand its virtual asset reserves by $100 million.
According to CoinDesk on the 3rd (local time), Amber International announced that it raised $25.5 million through a private placement to expand its 'Crypto Ecosystem Reserve' strategy. The private investment involved cryptocurrency venture capital Pantera Capital, CMAG Fund, and Kingkey Financial International. Amber International issued more than 12 million Class A shares on Nasdaq to conduct the capital increase.
Since establishing the reserve earlier this year, Amber International has invested in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). With this capital expansion, the company plans to broaden its portfolio to include Binance Coin (BNB), Ripple (XRP), and Sui (SUI).
A representative from Amber International stated, "Through this strategy, we aim to meet institutional demand for tokenized real-world assets (RWA) and lead blockchain-based financial innovation."
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
