Amber International, a subsidiary of Singapore-based Amber Group, secured $25.5 million through a private placement to advance its $100 million crypto reserve strategy.
The Nasdaq-listed company announced the funding on Thursday, noting participation from institutional investors including CMAG Funds, Mile Green, Pantera Capital, Choco Up, and Kingkey Financial International.
Shares were priced at $10.45 each, representing a 5% discount to the three-day volume-weighted average price, with each American Depository Share (ADS) equivalent to five Class A shares.
According to the company, the proceeds will be used to further develop the crypto reserve initiative launched earlier this year, aiming to support long-term ecosystem alignment and product innovation.
Since the strategy’s inception in May, Amber International has accumulated holdings in Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Solana (CRYPTO:SOL), and expanded its portfolio to include BNB (CRYPTO:BNB), XRP (CRYPTO:XRP), and SUI (CRYPTO:SUI) tokens.
The reserve is intended to position the company at the forefront of blockchain innovation, particularly in areas such as real-world asset tokenisation and AgentFi technology.
Despite the fundraising success, Amber International’s stock price declined 6.7% on Thursday, closing lower according to Yahoo Finance.
Over the past five days, the shares have dropped nearly 24%, and they are down almost 12% in the last month.
The company’s announcement highlights ongoing efforts by crypto firms to build substantial reserves in digital assets to support innovation and ecosystem growth.
Amber International’s approach reflects a growing trend among blockchain companies to diversify holdings and invest in emerging sectors within the crypto space.
The firm’s strategy aims to balance asset accumulation with advancing new product development in a rapidly evolving market.
This capital raise is part of Amber’s broader plan to strengthen its position in the crypto financial services industry amid fluctuating market conditions.