Amber International raises $25.5 million to enhance its cryptocurrency reserve program

According to Coindesk, Amber International Holding (AMBR), a subsidiary of Amber Group, has announced that it has raised $25.5 million through private equity financing. The proceeds from the private placement will be strategically used to enhance Amber International's $100 million cryptocurrency reserve plan, which aims to support long-term ecosystem integration and product innovation. Since the announcement of this strategy earlier this year, the reserve has been allocated to major digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), and is continuously allocated to Binance (BNB), Ripple (XRP), and Sui (SUI). The issuance price for this additional issue is $10.45 per share, a 5% discount from the company's three-day volume weighted average trading price, and has attracted investors such as Pantera Capital, CMAG Funds, and Kingkey Financial International to participate. This private placement offers 12200915 Class A common shares, equivalent to 2440183 American Depositary Receipts (ADS).