Interactive Strength Soars 96.34% on Wattbike Acquisition

Interactive Strength's stock surged by 96.34% in pre-market trading on July 1, 2025, marking a significant milestone in the company's transformational strategy.

Interactive Strength has completed its all-stock acquisition of Wattbike, a leading indoor performance training bike manufacturer. This acquisition, approved by the UK Financial Conduct Authority, brings immediate scale in the UK market and diversifies TRNR's connected fitness hardware portfolio across cycling, vertical climbing, and digital strength products.

The company projects over $75 million in pro forma 2025 revenue and expects to achieve profitability in Q4 2025. This guidance includes the impact of both the Wattbike acquisition and the pending Sportstech acquisition, which is scheduled to close in Q3 2025. The deal creates a diversified connected hardware portfolio spanning cycling, vertical climbing, and digital strength.

Additionally, TRNR has established a $55 million Digital Asset Treasury that is actively purchasing $FET cryptocurrency. The company plans to leverage Wattbike's performance training dataset for AI-focused training experiences developed with Fetch.ai, supported by an announced up to $500 million $FET Digital Asset Treasury strategy.

Integration efforts are already focused on optimizing global distribution networks, manufacturing partnerships, and supply chains, areas that could yield meaningful cost synergies and working capital improvements. The acquisition of Wattbike, with its 100,000+ bike installed base and presence in thousands of customer gyms, provides TRNR with established distribution channels that could accelerate growth across its entire product portfolio.