Amber International raises over a quarter of $100m goal to boost crypto holdings
Amber International announced the completion of a $25.5 million private placement backed by major investors. The funds will go to supporting the firm’s $100 million crypto reserve target.
On July 3, the Singaporean -based firm has managed to reach more than a quarter of its initial goal to establish a diversified crypto reserve fund worth $100 million. The private placement was valued at $10.45 per share, deducted from a 5% discount to the company’s three-day volume weighted average trading price.
According to the filing document , the capital raised from the private placement will be used to boost its crypto reserve strategy. The company aims to raise as much as $100 million to establish a crypto treasury filled with major tokens including Bitcoin ( BTC ), Ethereum ( ETH ) and Solana ( SOL ).
Through the notice, Amber International also announced its plans to explore potentially adopting other alternative tokens such as Binance Coin ( BNB ), Ripple ( XRP ) and Sui ( SUI ) overtime.
Price chart for Amber International’s stock, July 4, 2025 | Source: Yahoo Finance
As per the announcement, Amber International issued more than 12 million Class A ordinary shares which is equal to approximately 2.44 million American Depositary Share on the Nasdaq stock exchange.
The private placement garnered support from a number of institutional players, including CMAG Funds, Mile Green, Pantera Capital , Choco Up, Kingkey Financial International among others.
More often than not, when a company publishes a notice about raised capital that will go towards supporting its crypto reserves, the company stock experiences a surge. The same can be said about Amber International.
At press time, Amber International’s stock managed to see modest gains of 0.12%, rising from its previous closed market price at $8.60. Earlier today, the stock experienced a sharp spike, bounding up to as high as $9.56. However the peak was short lived as it took a nosedive down to $8.40.
Most recently, Spain’s Vanadi Coffee and Swedish gaming firm Fragbite Group enjoyed highs in its stock price after announcing that its shareholders have decided to add crypto to the company balance sheets.
In recent months, there have been an increasing number of companies worldwide adopting crypto reserve strategies, many of them citing Michael Saylor’s Strategy as inspiration. While others have called it an attempt to hedge inflation or as a starting point in their venture into the web3 business.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CyberLeek threatens full GTA 6 leak if Solana token hits $30 million
Micron now earns more than Apple! Apple urgently needs chips, Micron holds pricing power.
Micron Technology reported a net profit of $37.7 billion in the fourth fiscal quarter, surpassing Apple's $29.8 billion for the same period, thus becoming the more profitable company for the quarter. The memory shortage has given Micron strong pricing power, with its CEO stating that they “cannot meet customer demand.” The revenue guidance for next quarter is as high as $61.5 billion. Meanwhile, Apple's gross margin continues to be pressured by persistent memory costs, having dropped from 49.3% to a guidance range of 46.5%.
The "Eye of the Storm" in the Global Economy: Debt Crisis in Developed Countries
The IMF warns that developed economies are becoming the "eye of the storm" for global debt risks. Countries such as the United States and France accumulated high levels of debt during periods of low interest rates, but now rising interest rates are pushing up repayment costs, and fiscal consolidation faces political resistance. BofA Securities points out that the United States is facing declining tax revenues, France has structural income decline issues, and the UK and Japan are also under pressure. The deteriorating debt sustainability of developed countries may impact global financial markets through shocks in interest rates and capital flows.
Crypto prices
More
