Amber Road Announces Placement to Accelerate Crypto

 

Amber International Holding Limited, which operates under the brand “Amber Premium,” has announced a private placement that raised $25.5 million. This

funding is intended to accelerate the company’s “Crypto Ecosystem Reserve Strategy,” a $100 million initiative aimed at supporting long-term ecosystem alignment and product innovation.

Here are the key details of the announcement:

Purpose of the Funding: The proceeds from the private placement will be used to enhance Amber International’s existing crypto reserve. The company plans to use this reserve to support innovative projects on various blockchains and to deliver new products and services to its institutional clients.

Asset Allocation: Since the strategy was announced earlier this year, the reserve has been allocated toward major digital assets, including Bitcoin

(BTC), Ethereum (ETH), and Solana (SOL). The company is also continuing to deploy capital into Binance Coin (BNB), Ripple (XRP), and Sui (SUI).

Strategic Focus: The company’s crypto reserve strategy is designed to strengthen its leadership in the next wave of Web3 financial infrastructure, with a focus on areas like Real World Assets (RWA) and “AgentFi” (AI-AgentFi initiatives).

Institutional Investors: The private placement was supported by a group of institutional investors, including CMAG Funds, Mile Green, Pantera Capital,

Choco Up, and Kingkey Financial International. These investors subscribed to American Depositary Shares (ADS) at a price of $10.45 per share.

Company Profile: Amber International Holding Limited (NASDAQ: AMBR) is a provider of institutional crypto financial services and solutions. It is a subsidiary of Amber Group.

This funding round, and the company’s overall strategy, highlights the continued interest from institutional investors in the cryptocurrency and blockchain space, particularly in companies that are building the financial infrastructure for the future