Nasdaq-listed TRNR Raises $500M for FET AI Crypto Treasury

Update June 11, 12:31 pm UTC: This article has been updated to include quotes from Trnet Ward, the CEO of TRNR.

Interactive Strength (TRNR), a Nasdaq-listed fitness equipment manufacturer, is launching what it claims to be the world’s first artificial intelligence cryptocurrency treasury, signaling growing interest in Web3 among different industries.

Interactive Strength, the maker of the CLMBR and FORME fitness equipment, has entered into a Securities Purchase Agreement to raise up to $500 million in capital to acquire Fetch.ai (FET) tokens,…