Amber International, a subsidiary of Singapore-based Amber Group and listed on Nasdaq, has raised a new investment of $25.5 million to strengthen its $100 million crypto reserve strategy. The company plans to use this fund to expand its crypto asset portfolio. Another plan is to strengthen its presence in the blockchain space.
Amber International raised new investment and added altcoins to its portfolio
According to the statement made by the company, the investment in question was made through a private placement method and was sold at a price of $10.45 per share. This pricing was determined as a 5% discount to the three-day volume weighted average price of Amber shares. In total, more than 12 million Class A shares were issued. These shares correspond to approximately 2.44 million American Depositary Shares (ADS). Each ADS represents five Class A shares.
The investment round was attended by leading institutional investors such as Pantera Capital, CMAG Funds, Mile Green, Choco Up and Kingkey Financial International. Amber International announced that it will allocate all of the proceeds to the crypto reserve plan announced in May, which is targeted to reach a total value of $100 million.
Amber Group's reserve strategy aims to support blockchain-based product development processes and ensure that the company makes a long-term contribution to the ecosystem. In this context, the company's portfolio already includes Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). After the new investment, Amber announced that it will add Binance Coin (BNB), Ripple's XRP and the developing Sui (SUI) token to this list.
According to the company's statement, the reserve fund will be used not only to hold cryptocurrencies; but also to provide technical support and liquidity to blockchain projects built on these assets, to work more closely with developer communities and to develop the application layer in these networks. Thus, Amber International plans to take a more direct and active role in the networks where reserve assets are located.
Amber plans to invest in smart contract-based systems, particularly in the tokenization of real-world assets (RWA) and AgentFi, known as decentralized financial applications that automate these two areas. These two areas are at the heart of the company’s strategic development plans for the upcoming period. Along with Amber’s announcement, the company’s stock performance, which is traded on Nasdaq, also drew attention. The company’s (AMBR) shares closed down 6.7% on Thursday, when the private placement announcement was made. According to market data, the shares lost 23.8% in the last five days and approximately 12% in the last month.
