Interactive Strength completes $55 million initial investment, launches crypto treasury strategy and begins acquiring FET

ChainCatcher news, Nasdaq-listed company Interactive Strength (stock code TRNR) completed an initial investment of $55 million on June 13, launching a crypto treasury strategy and starting to acquire FET through its custodian BitGo. Interactive Strength will continue to use the remaining net proceeds from the initial financing to acquire FET in the open market and will use any net proceeds from additional financing to acquire FET after the $500 million financing is completed.