Nasdaq-Listed Amber International Expands $100 Million Crypto Ecosystem Reserve to Include BNB, XRP, and SUI
- Amber International boosts crypto reserve with $25.5 million private placement
- The company aims to bolster its Web3 financial infrastructure, including Real World Assets (RWA) and AgentFi
- It recently announced a partnership with DeFi Development Corp to build Solana-based structured products and staking services
Amber International, a subsidiary of the global crypto financial services firm Amber Group, has secured a $25.5 million private placement from major institutional investors such as Pantera Capital, CMAG Funds, Mile Green, Choco Up, and Kingkey Financial International. In what is essentially a direct sale, the company offered its shares to this specific group of investors, bypassing the public markets.
The deal was set at $10.45 per ADS (American depositary share), representing a modest 5% discount to its recent trading price. This raise marks over 25% of the intended $100 million crypto reserve initiative.
Interestingly, Amber is using the funds to expand its $100 million Crypto Ecosystem Reserve, which already includes Bitcoin, Ethereum, and Solana. Now, due to the expansion, the allocation will also include Binance Coin, Ripple, and Sui.
A…
The post Nasdaq-Listed Amber International Expands $100 Million Crypto Ecosystem Reserve to Include BNB, XRP, and SUI appeared first on Coin Edition.
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Nasdaq-Listed Amber International Expands $100 Million Crypto Ecosystem Reserve to Include BNB, XRP, and SUI
- Amber International boosts crypto reserve with $25.5 million private placement
- The company aims to bolster its Web3 financial infrastructure, including Real World Assets (RWA) and AgentFi
- It recently announced a partnership with DeFi Development Corp to build Solana-based structured products and staking services
Amber International, a subsidiary of the global crypto financial services firm Amber Group, has secured a $25.5 million private placement from major institutional investors such as Pantera Capital, CMAG Funds, Mile Green, Choco Up, and Kingkey Financial International. In what is essentially a direct sale, the company offered its shares to this specific group of investors, bypassing the public markets.
The deal was set at $10.45 per ADS (American depositary share), representing a modest 5% discount to its recent trading price. This raise marks over 25% of the intended $100 million crypto reserve initiative.
Interestingly, Amber is using the funds to expand its $100 million Crypto Ecosystem Reserve, which already includes Bitcoin, Ethereum, and Solana. Now, due to the expansion, the allocation will also include Binance Coin, Ripple, and Sui.
A…
The post Nasdaq-Listed Amber International Expands $100 Million Crypto Ecosystem Reserve to Include BNB, XRP, and SUI appeared first on Coin Edition.
Read More
Mercado Bitcoin to Bring $200M in Tokenized Assets to the XRP Ledger