As Bitcoin adoption continues to extend day-to-day, many giant corporations have began buying BTC, following in MicroStrategy’s footsteps.
At this level, Nasdaq-listed health tools producer Interactive Power (NASDAQ: TRNR) additionally introduced that its board of administrators allowed the acquisition of as much as $5 million in Bitcoin.
The enormous firm, which introduced its try to buy Bitcoin, this time made a shock transfer of $500 million for an altcoin.
Accordingly, the corporate introduced that it’ll increase $500 million to buy FET and set up a synthetic intelligence partnership with Fetch.ai.
The corporate additionally introduced that it has begun buying FET tokens utilizing an preliminary funding of $55 million from DWF Labs and ATW Companions.
Trent Ward, CEO of Interactive Power, stated:
“Fetch.ai is a market chief on the intersection of two of as we speak’s most necessary know-how developments: synthetic intelligence and crypto,
We consider that our technique to accumulate a major variety of FET tokens can considerably speed up our mission to create vital long-term worth for TRNR shareholders.”
Underneath the deal, Interactive will grow to be the most important U.S.-listed firm with a crypto treasury targeted on the Power AI token.
Interactive Power’s FET treasury announcement comes amid a sequence of company treasury bulletins embracing Bitcoin (BTC), Etheruem (ETH), Solana (SOL) and different cryptocurrencies, spurred by the profitable instance of main bull Michael Saylor’s agency Technique and its favorable situations within the U.S.
*This isn’t funding recommendation.
