Amber International Secures $25.5 Million in Private Funding to Expand Crypto Reserves

Amber International Raises $25.5 Million, Accelerating Crypto Reserve Strategy

Singapore-based Amber International has announced a significant milestone, securing $25.5 million in a private placement aimed at bolstering its cryptocurrency holdings. This investment marks progress towards the company's ambitious $100 million goal to establish a diversified digital asset treasury, positioning Amber International among industry leaders dedicated to innovative crypto reserve strategies.

Backing From Prominent Crypto Investors

The private funding round, completed on July 3, featured notable participation from key institutional investors including CMAG Funds, Mile Green, Pantera Capital, Choco Up, and Kingkey Financial International. The financing was structured at $10.45 per share, factoring in a 5% discount on Amber International’s three-day volume-weighted average trading price. A total of over 12 million Class A ordinary shares were issued, equivalent to approximately 2.44 million American Depositary Shares, listed on the Nasdaq stock exchange.

Strategic Growth of Crypto Treasury

Amber International plans to utilize the capital to expand its crypto reserve portfolio with major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Company filings also reveal ambitions to diversify further, considering alternative tokens like Binance Coin (BNB), Ripple’s XRP, and Sui in the future. The push reflects a wider trend among global firms embracing blockchain technology and digital assets to enhance their balance sheets and hedge against inflation.

Stock Market Reaction and Broader Industry Impact

News of the capital raise had an immediate, albeit modest, impact on Amber International’s stock price, which saw a 0.12% increase at press time, rising from $8.60 to $8.61. Earlier in the day, shares spiked to $9.56 before settling back to $8.40, mirroring common patterns seen when publicly traded companies announce moves to increase their cryptocurrency exposure.

Amber International’s latest move aligns with a growing global momentum, as companies across diverse sectors—such as Spain's Vanadi Coffee and Swedish gaming group Fragbite—adopt crypto reserve strategies. Many of these strategies draw inspiration from high-profile advocates like Michael Saylor and reflect wider adoption of web3 technologies.

Crypto Adoption on the Rise

The surge in corporate adoption of cryptocurrencies underscores shifting attitudes in the global business landscape. Firms increasingly view digital assets not only as a hedge against economic volatility but also as a gateway to participating in decentralized finance (DeFi) and the evolving web3 ecosystem. As Amber International continues towards its $100 million target, industry observers see this as further validation of blockchain technology’s transformative potential within traditional finance.