Interactive Strength Inc. (Nasdaq: TRNR) Announces Plans to Acquire Fetch.ai Tokens to Create the World's First Corporate AI Crypto Treasury

Interactive Strength Inc. (Nasdaq: TRNR), a US-listed fitness equipment manufacturer known for its CLMBR and FORME fitness brands, has announced plans to acquire Fetch.ai tokens to create what it claims will be the world's first corporate AI crypto treasury.

Interactive Strength Inc (Nasdaq: TRNR) is acquiring Fetch.ai (CRYPTO: FET) tokens to launch what the company calls the "world's first" corporate AI crypto treasury.

The move will see Interactive Strength, the company behind the CLMBR and FORME fitness brands, place a significant focus on two rapidly evolving sectors: AI-driven technology and decentralised digital assets.

What Happened: According to a statement on Monday, Interactive Strength has entered into a Securities Purchase Agreement to raise up to $500 million in capital. All proceeds from this offering will be used for the acquisition of Fetch.ai tokens.

The company is already kicking off this initiative with an initial investment of $55 million from private equity firm ATW Partners and crypto market maker DWF Labs to begin acquiring FET tokens.

This initiative is expected to make Interactive Strength the holder of the largest publicly listed crypto treasury that is specifically focused on an AI-powered digital asset.

Commentating on this initiative, Interactive Strength CEO Trent Ward said that this strategy is designed to unlock long-term value for shareholders.

"We are leveraging the potential of two explosive technology trends—artificial intelligence and the decentralised web—to generate significant returns for our investors," he added.

The company is also forging a deep technology collaboration with Fetch.ai, a leading developer of decentralised AI agent infrastructure, to integrate their autonomous agents into TRNR's digital fitness ecosystem.

This ecosystem encompasses smart fitness equipment and virtual coaching services offered by the FORME and CLMBR brands.

The goal is to create personalised, AI-driven coaching solutions that adapt to user needs in real time, transforming how people engage with fitness technology.

Fetch.ai's decentralised agents are programmed to transact and collaborate autonomously, paving the way for highly customised experiences across health and wellness platforms.

Crucial Factoid: ATW Partners and DWF Labs are the initial investors in this initiative, signalling early institutional support for Interactive Strength's vision.

According to DWF Labs Managing Partner Andrei Grachev, this initiative marks a landmark step in driving the institutional adoption of crypto assets.

"We are excited to be part of this unique initiative that combines two of the fastest-growing technology trends—crypto and AI—in a way that creates significant value for investors," Grachev said.

For optimal custody and trading of its $FET holdings, Interactive Strength has selected BitGo, a leading digital asset custodian, to provide its services.

This move further enrolls an institution-grade layer of security and expertise in the management of TRNR's crypto treasury.

This capital raising effort and AI treasury strategy are announced as part of Interactive Strength's broader expansion plans.

The company is also in the process of acquiring Sportstech Brands Holding GmbH, which is expected to be completed in the second quarter.

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The company is also planning to buy Wattbike in the third quarter.

Earlier this month, Sportstech reported 36% year-over-year revenue growth for April, with revenues reaching approximately $54 million.

The company's revenue has now nearly quintupled in the past twelve months, showcasing the rapid pace of growth.

Despite operating with negative gross margins and short-term obligations that outstrip its liquid assets, the company has achieved over 445% revenue growth.

Recently, Interactive Strength closed a $725,000 convertible note offering and paid preferred stock dividends, showcasing its financial activity in recent times.

What Next: As Interactive Strength proceeds with its token acquisition and technology integration plans, investors and industry observers will closely monitor the performance of this hybrid model in a rapidly evolving digital landscape.