ATW Partners and DWF Labs invested $55 million in initial closing

TRNR is expected to have the largest US publicly listed crypto treasury focused on an AI-token

ATW Partners and DWF Labs invested $55 million in initial closing

TRNR is expected to have the largest US publicly listed crypto treasury focused on an AI-token

TRNR enters into technology collaboration with Fetch.ai to power its fitness training with AI technology

AUSTIN, TX / ACCESS WIRE / June 11, 2025 / Interactive Strength Inc. (Nasdaq:TRNR), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech and Wattbike, today announced that it has entered into a Securities Purchase Agreement to raise up to $500 million, the net proceeds of which are expected to be used exclusively to acquire $FET tokens, a leading AI digital asset developed by Fetch.ai.

This transaction is expected to result in TRNR having the largest publicly-listed crypto treasury focused on an AI-token. TRNR is already in the process of acquiring $FET tokens with the initial $55 million of new capital that has been invested by private equity firm ATW Partners and crypto market-maker DWF Labs.

“Digital assets are rapidly becoming an essential part of global financial infrastructure and AI is the biggest technological leap in our lifetimes,” said Trent Ward, CEO of TRNR. “Fetch.ai is the market leader at the intersection of the two most important technology trends today: artificial intelligence and crypto. We believe our strategy to acquire a significant number of $FET tokens could dramatically accelerate our mission to create significant long-term value for TRNR shareholders.”

“We are proud to support this landmark deal, advancing institutional crypto adoption,” said Andrei Grachev, Managing Partner of DWF Labs. “As a global leader in crypto investments and market making, we see enormous potential in TRNR’s treasury strategy and Fetch.ai’s vision, signaling the next wave of corporate capital markets embracing AI-driven digital assets.”

“Unlike traditional models that generate isolated responses, Fetch.ai’s ecosystem is built on autonomous agents that can interact, collaborate, and transact in real time,” said Humayun Sheikh, CEO of Fetch.ai. “This enables users to build and monetize AI tools that operate independently -whether for booking doctor appointments, market forecasting, or personalized fitness plans.”

Fetch.ai’s platform features the world’s first decentralized LLM designed for autonomous action, not just content generation, and powers AI agents that optimize critical industries – from medical research and energy to logistics and finance. Fetch.ai is the original issuer of $FET and a member of the Artificial Superintelligence Alliance (ASI). As part of the deal, Fetch.ai will collaborate with TRNR to expand its digital fitness services into, e.g., an AI-driven personal training platform.

This investment accelerates TRNR’s momentum from its two pending acquisitions, which TRNR believes highlights the strong institutional investor support for the Company’s strategy of combining crypto treasury assets and accretive acquisitions. The crypto treasury asset strategy is expected to strengthen TRNR’s financial flexibility, as well as support its AI and digital fitness ambitions, and increase shareholder exposure to next-generation growth assets.

$FET is a top-50 cryptocurrency and a top-5 AI-focused cryptocurrency according to coinmarketcap.com.

TRNR will leverage BitGo for both the trading and custody of its $FET holdings through BitGo’s best-in-class custody platform.

Advisors:Legal advisors included Lucosky Brookman (Interactive Strength), K&L Gates/Ed Dartley (Fetch.ai), Kelly Drye & Warren (ATW Partners), Blank Rome (ATW Partners) and Nixon Peabody (DWF Labs). Wachsman is the communications and strategy firm for the transaction and the agency of record for Fetch.ai.

For more commentary, information and details on the rationale for and structure of the expected acquisition, please see TRNR’s investor website as well as its required filings with the U.S. Securities and Exchange Commission (SEC).

Fetch.ai Media ContactFetch.ai@wachsman.com

TRNR Media Contactjohn@sintercompany.com

TRNR Investor Contactir@interactivestrength.com

About Fetch.ai:Fetch.ai Inc. is a Delaware-based AI company and founding member of the ASI Alliance, is redefining the possibilities of an intelligent and connected world through its AI agent-based technology. Fetch.ai’s infrastructure technology enables developers and businesses to build, deploy and monetize through an agent-based modular platform for the new generation of AI applications. The company’s core product, Agentverse, fuses Language Models (LLMs) and AI Agents to create an open and dynamic marketplace that connects users to services and reimagines the current search experience. For additional information, visit: Fetch.ai.

About Interactive Strength Inc.:Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2)