Amber International Raises $25.5 Million for Crypto Ecosystem Reserve Expansion

Amber International Holding, a subsidiary of crypto trading firm Amber Group, has successfully raised $25.5 million through a private placement. This funding round is aimed at expanding the company's $100 million Crypto Ecosystem Reserve, a strategic fund designed to support the growth and development of various blockchain networks.

The private placement, announced on Thursday, was priced at $10.45 per share, representing a 5% discount to the company’s three-day volume-weighted average trading price. Notable investors in this round include Pantera Capital, CMAG Funds, and Kingkey Financial International. The company issued over 12 million Class A shares, equivalent to approximately 2.44 million American Depositary Shares (ADSs), on the Nasdaq exchange.

Amber International launched the Crypto Ecosystem Reserve earlier this year with the goal of making long-term investments in blockchain infrastructure. The firm has already allocated funds to major cryptocurrencies such as Bitcoin, Ethereum, and Solana. With the new capital, Amber International plans to extend its investments to include Binance Coin, Ripple’s XRP, and Sui.

The reserve is not only a financial investment but also a strategic alignment with developers and protocols operating on these networks. By providing capital, liquidity, and potentially product support, Amber International aims to foster innovation and stability within the blockchain ecosystem. This move is particularly relevant given the growing demand from institutional clients for real-world asset tokenization and emerging applications like AgentFi, which leverages smart contracts to automate financial services.

This initiative by Amber International reflects a broader trend among crypto-native firms. As venture capital funding becomes more cautious and funding cycles tighten, these firms are building treasury strategies to bolster their balance sheets and support long-term innovation within the ecosystem. By doing so, they are not only securing their own financial stability but also contributing to the overall health and growth of the blockchain industry.